At long last, Air India has been privatised. There is a fair chance that Talace Pvt Ltd, a wholly owned subsidiary of Tata group, which bought the airline would make a big success of it in the years to come. Should that come to pass, one can count on privatisation critics to resurface with charges of undervaluation of the airline, even corruption, as they did in the case of some of the strategic sales under Prime Minister Atal Bihari Vajpayee.
But judging by the vast and continuing losses of Air India, it is difficult to escape the conclusion that the nation as a whole, especially the taxpayer, has been supremely lucky to have been relieved of the prospects of having to bear yet greater burden of the airline’s losses.
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Views expressed above are the author’s own.
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