- What should Air India's seller, Government of India, and any future buyer do to make the deal fly?
- Refer Article written by research scholar, Centre for Economic Studies and Planning, Jawaharlal Nehru University and former IIM-Bangalore Professor V Ranganathan Aakansha Kaushik
- https://www.pressreader.com/india/economic-times/20170704/282192241008795
- Air India Express reported a net profit of Rs.296 Crores in 2016-17.
- Air India's Attractiveness lies in its large asset base,
- international flying rights,
- membership of the Star Alliance,
- three profit-making subsidiaries and
- valuable sots at International Airports.
- Domestic air passenger traffic reached 100 mn in 2016, behind only that of the US (719 million) and China (436 million), and ahead of Japan (97 million).
- Strong economic growth,
- expansion of the middle class,
- strong tourism growth and
- low air travel penetration rates.
- With the right policies and a relentless focus on quality, cost and passenger interest, India would be well placed to achieve its vision of becoming the third largest aviation market by 2020 and the largest by 2030.
- airlines,
- airport developers,
- EPC (engineering, procurement and construction) majors,
- aircraft OEMs and
- OTAs (online travel agents).
I think it is an established principle that government's business is governance and not engaging in commercial activity for whatever reason. Even large investment public sector undertaking should be away from clutches of the government and 60% Share should be with public with no individual or business group holding more than 5% share and should be managed by professionally competent leaders without any interference from the government.
Regards
Virendra Goel
From: kdparanjpe@rediffmail.com [mailto:kdparanjpe@rediffmail.
com ]
Sent: Tuesday, July 18, 2017 10:30 PM
To: join_mtc@googlegroups.com
Subject: Re: [MTC Global] Maharaja for Sale
Sir, I think the answer to the question posed by you is fairly clear. All actions by the
Politicians and bureaucrats are done for the public good. The fact that opportunity for
private gain cannot be openly touted as a reason for a decision taken for the public
good. Bofors Guns were purchased for the defence of the nation, or a bridge is built to
provide faster and shorter road connectivity. Air India is a national carrier operated by
the State ( the people of India).There was a reason to nationalize the airline in the
national interest, now the national interest is being served by privately run airlines.So
the there is no case for the public good and so it is to be sold or closed down.
Why a Govt must run airlines, hotels, bread making units or dairies is a matter that can
be debated but if the elected representatives decide it, meeting the public good, then
the Govt will run them even when there are others who can do it far more efficiently.
Can an Airline be run only to ferry politicians and bureaucrats be run by the State?
Absolutely not, except when it is seen to serve the public good.
Best Regards,
K.Paranjpe
On Mon, 17 Jul 2017 14:43:59 +0530 Stephen Narayanan wrote
>Long Back the TATA's had offered to own and operate Air India but the Government turned
down the offer and preferred to run the airlines themselves. Initially when there wasn't
much competition, the Maharaja had his days of glory...even Indian Airlines (Domestic)
had its fair share of earnings but as competition opened up and Private Airlines started
operations...the Maharaja which was being run by bureaucrats who had limited activities
of their brain did not foresee the changing scenario and continued with the same old and
outdated policies. Besides the Government's interference quite so often in policy matters
and the free ride for Air India staffers as also the Government ensured that Air India
and Indian Airlines remained Government sector career for the government. At one point of
time the rules in Government offices were clear - LTC reimbursement only for undertaking
travels in Government career ie. Indian Airlines/Air India.When the Courts are coming
down harshly on Businessmen for fraudulent practice ( Satyam/Sahara/Stock Exchange scam:
Harshad Mehta...Rajan Pillai of Britannia was put behind bars and died there ), why no
bureaucrat or the aviation minister is not given the honor of tasting the meal behind
bars?
Regards,StephenStephen NarayananFreelance Educational Consultant/Corporate Training
facilitatorMob.:-9868386192
On Sun, Jul 16, 2017 at 6:16 PM, Dr. S. S. Dey wrote:
A fantastic caption 'Maharaja for Sale' appeared a few weeks back in all the leading news
papers. Its about Finance Ministry's approval to sell 'Air India'. The decision to
dispose the airline was attributed to mounting loss..... Well, the Government didn't
think that they are selling Nation's pride also. With common sense one can understand
that any business will have ups and downs. There are many private companies which are
running successfully for over 100 years. How are they able to survive and sustain up till
now. Even Private Airlines in our Country are able to see thru difficult periods and keep
themselves floating. Why Air India ( owned by Government of India) is struggling to fly
even after pumping in funds? Is the cockpit eating the money or the tail.....? A classic
example of Financial Mismanagement and a tremendous display of inefficient top
management. Mounting loss is nothing but corruption at its very best. Is the Government
not aware that financial management is of paramount importance for a business
success? There are hundreds of big companies who rank in the elite list of tax
defaulters. The Government protects them with an excuse that if they are rattled it will
collapse our economy. What a shameful act. The current Government is blindly copying
Western world policies and its culture. Appears to be an onset of senile dementia........
Thanks and Regards,Dr. S.S. Dey
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