What is the reason for Air India loss?
Air India “suffered for its inconsistent service standards, low aircraft utilisation, dismal on-time performance, antiquated productivity norms, lack of revenue generation skills and unsatisfactory public perception”, according to Jitender Bhargava, a former executive director of the airline.
Why did govt take Air India from Tata?
In February of 1978, the Morarji Desai government removed JRD Tata from the boards of Air India and Indian Airlines following the tragic crash of Air India’s Boeing 747 on 1 January of the same year. The crash killed 213 people on board.
Who was the politician who destroyed Air India?
More than anyone else, Praful Patel was instrumental in sending Air India on the road to ruin. The government’s best bet now is to cut its losses and run. Air India, India’s national carrier-turned-cadaver, is waiting for its last rites.
What did Praful Patel do to Air India?
Patel was allegedly involved in a fleet acquisition scam wherein the ministry decided to buy 68 planes for more than Rs 50,000 crore without any revenue plan or even a route map to deploy so many additional aircraft. The NDA government had earlier proposed to add 28 aircraft to Air India’s fleet.
What happened to Air India employees after Privatisation?
New Delhi: The government has said that the new owner of the disinvested airline, Air India, will not be able to retrench employees for a period of one year from the closing date and that employees will be eligible to maximum benefits under the Voluntary Retirement Scheme (VRS) if retrenched in the second year from …
Can Tata buy Air India?
The Tata group today announced the completion of the transaction for the purchase of Air India from the Government of India. The Tata group takes over management and control of the airline, starting today. The transaction covers three entities – Air India, Air India Express, and AI SATS.
Will Tata change Air India name?
When the less favoured names had been eliminated, the final count showed 72 votes for Air-India and 58 for Indian Air Lines,” the bulletin read. “Thus, the name of the new company comes to be ‘AIR-INDIA’,” it said.
Do Air India pilots get pension?
A guaranteed minimum pension of ₹ 1,000 per month will be available to employees and pensions to family and dependents in case of death of employee. An assured insurance benefit in case of death of member will be available in the range of minimum ₹ 2.50 lakh and maximum 7 lakh.
What are employees after Privatisation?
Government privatise only those institutions where it had invested its funds. Employees continue in service unless they optout. Salaries of existing staff will not be changed.
Who was aviation minister when Air India and Indian Airlines merged?
Praful Patel
Praful Patel became the Civil Aviation Minister in May 2004, when Air India was the market leader with a 42 per cent market share.
What is next Air India?
Air India will be handed over to the Tata group on January 27, 2022. Here is all you need to know about what happens after the transfer is completed. The central government is all set to hand over Air India to the Tata group on January 27.