Maharaja Fails To Create Enough Excitement

The Modi government’s ambitious plan to privatise Air India has failed to generate enough excitement on the ground.

Last month, former aviation minister Ashok Gajapathy Raju had said there aren’t enough bakras in the market to buy the national carrier. And he may be right. The country’s top three airlines – IndiGo, Jet Airways and Tata SIA — have indicated that they are unlikely to participate in the bidding process due to the stringent conditions for the takeover.

Reports suggest that the government may sweeten the offer by agreeing to absorb the airline’s liabilities worth around Rs 3,500 crore, although it remains to be seen if the proposed concessions are good enough to attract more suitors for the Maharaja.  Read More…

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