• About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Wednesday, August 10, 2022
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    The ‘Noida Goon’ Shrikant Tyagi is Swami Prasad Maurya’s sidekick

    The ‘Noida Goon’ Shrikant Tyagi is Swami Prasad Maurya’s sidekick

    Nitish Kumar PM

    Nitish as PM Modi’s challenger in 2024 will be the best thing for the BJP

    BJP JD(U)

    End of JD(U)-BJP alliance has a positive note for the saffron party

    Divya Kakran

    Kejriwal-led AAP’s ‘Kagaj dikhao’ demand to Divya Kakran backfires

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Indian textile sector can grow at the expense of China’s textile sector

    Indian textile sector can grow at the expense of China’s textile sector

    Chinese companies may quit India altogether. Bon voyage!

    Chinese companies may quit India altogether. Bon voyage!

    Shaktikanta

    The man no one talks about but who deserves all our praise – RBI governor Shaktikanta Das

    Adani top 3 richest

    Gautam Adani is one step away from entering the Top 3 billionaires, soon to overtake Jeff Bezos

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Indian Ocean India

    Indian Ocean is finally India’s own

    Indian navy

    Indian Navy will soon be a force to reckon with

    PNS Alamgir

    Pakistan’s ‘PNS Alamgir’ narrowly missed meeting the fate of ‘PNS Ghazi’

    In global defence market, Tejas is top-shelf stuff

    In global defence market, Tejas is top-shelf stuff

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    ambassador china

    Four Ambassadors Dead in China – Did China “fry” their brains off?

    Bangladesh India

    India has treated Bangladesh with kid gloves all this while, the policy needs a rejig

    India russia trade

    The strengthening India-Russia ties is inspiring but India must have a tab on trade deficit

    arab world india

    The Arabs are now on their knees to please India

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Raja Marthanda Varma

    Battle of Colachel: The untold victory of Raja Marthanda Varma that threw out the Dutch from India forever

    Charles Elwood Yeager

    When a rookie Indian pilot showed digitus medius to Uncle SAM

    Unsung Heroes: Bagha Jatin – The original Bengal Tiger

    Unsung Heroes: Bagha Jatin – The original Bengal Tiger

    While Indians back home are moving away from Bhajan Kirtans, the West is embracing it

    While Indians back home are moving away from Bhajan Kirtans, the West is embracing it

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Divya Kakran

    Kejriwal-led AAP’s ‘Kagaj dikhao’ demand to Divya Kakran backfires

    Atul Kulkarni hindu

    Atul Kulkarni – A vicious brain behind an innocent artist

    Kakran

    Commonwealth Games brings out the sheer apathy of Aam Aadmi Party in full spotlight

    Hum Do Humare Baarah film poster

    Rana Ayyub’s old words come to bite her as she cries foul over ‘Hum Do, Humare Baarah’

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
No Result
View All Result
TFIPOST
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    The ‘Noida Goon’ Shrikant Tyagi is Swami Prasad Maurya’s sidekick

    The ‘Noida Goon’ Shrikant Tyagi is Swami Prasad Maurya’s sidekick

    Nitish Kumar PM

    Nitish as PM Modi’s challenger in 2024 will be the best thing for the BJP

    BJP JD(U)

    End of JD(U)-BJP alliance has a positive note for the saffron party

    Divya Kakran

    Kejriwal-led AAP’s ‘Kagaj dikhao’ demand to Divya Kakran backfires

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Indian textile sector can grow at the expense of China’s textile sector

    Indian textile sector can grow at the expense of China’s textile sector

    Chinese companies may quit India altogether. Bon voyage!

    Chinese companies may quit India altogether. Bon voyage!

    Shaktikanta

    The man no one talks about but who deserves all our praise – RBI governor Shaktikanta Das

    Adani top 3 richest

    Gautam Adani is one step away from entering the Top 3 billionaires, soon to overtake Jeff Bezos

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    Indian Ocean India

    Indian Ocean is finally India’s own

    Indian navy

    Indian Navy will soon be a force to reckon with

    PNS Alamgir

    Pakistan’s ‘PNS Alamgir’ narrowly missed meeting the fate of ‘PNS Ghazi’

    In global defence market, Tejas is top-shelf stuff

    In global defence market, Tejas is top-shelf stuff

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    ambassador china

    Four Ambassadors Dead in China – Did China “fry” their brains off?

    Bangladesh India

    India has treated Bangladesh with kid gloves all this while, the policy needs a rejig

    India russia trade

    The strengthening India-Russia ties is inspiring but India must have a tab on trade deficit

    arab world india

    The Arabs are now on their knees to please India

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • History
    • Indology
    Raja Marthanda Varma

    Battle of Colachel: The untold victory of Raja Marthanda Varma that threw out the Dutch from India forever

    Charles Elwood Yeager

    When a rookie Indian pilot showed digitus medius to Uncle SAM

    Unsung Heroes: Bagha Jatin – The original Bengal Tiger

    Unsung Heroes: Bagha Jatin – The original Bengal Tiger

    While Indians back home are moving away from Bhajan Kirtans, the West is embracing it

    While Indians back home are moving away from Bhajan Kirtans, the West is embracing it

    • Culture
    • History
    • Indology
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Divya Kakran

    Kejriwal-led AAP’s ‘Kagaj dikhao’ demand to Divya Kakran backfires

    Atul Kulkarni hindu

    Atul Kulkarni – A vicious brain behind an innocent artist

    Kakran

    Commonwealth Games brings out the sheer apathy of Aam Aadmi Party in full spotlight

    Hum Do Humare Baarah film poster

    Rana Ayyub’s old words come to bite her as she cries foul over ‘Hum Do, Humare Baarah’

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
No Result
View All Result
TFIPOST
No Result
View All Result

Tata to purchase Air India: The start of a revolution in Indian aviation

Sanbeer Singh Ranhotra
by Sanbeer Singh Ranhotra
1 October 2021
in Trending
0
Tata, Air India
1.3k
VIEWS
Share on FacebookShare on Twitter

The deed has finally been done. What was in the making for a long time now, what people of India were hoping for, what India’s pride depended on – the Modi government has acted on it. Air India – the country’s ‘Maharaja’ as it is referred to, has been disinvested in. A money-guzzling, debt-ridden PSU mired with bureaucratic lethargy has been privatised, and this marks the beginning of what could be a revolution for Indian aviation. On September 15, Tata Sons and SpiceJet Chairman Ajay Singh officially submitted their final bids to buy India’s flag carrier Air India. Now, the wait is finally over. Tata Sons has won the bid for purchasing the national carrier – Air India.

Besides 100 per cent stake in the national airline, the buyer will get 100 per cent of AI Express – a low-cost airline – and 50 percent of Air India SATS Airport Services. Life has actually come to a full circle for Air India. It was the socialist megalomaniac Jawaharlal Nehru who snatched Air India, then known as Tata Airlines from Jehangir Ratanji Dadabhoy Tata. JRD Tata was not even informed about his airline being nationalised. Now, Tata Sons have finally got ownership over their father’s legacy, and they will make full use of the opportunity to turn the carrier’s fortunes around and make it a major global airline.

My own friend Nehru stabbed me in my back. I can only deplore that so vital a step was taken without giving us a proper hearing. – JRD Tata on the cruel and sudden nationalisation of his beloved Airlines.

68 years later, Air India returns to the Tatas. What a day. What a man. pic.twitter.com/ceks7lK79R

— Anand Ranganathan (@ARanganathan72) October 1, 2021

Air India – Saddled with Debt

According to a Reuters report, the government was losing ₹200 million every day to run Air India. Air India, so far, has accumulated a debt of ₹700 billion or $9.53 billion. PM Modi intended to sell the government’s entire interest in Air India since voted to power. The loss-making airline has been kept afloat by a bailout since 2012. The debt-ridden carrier employs more than 10,000 employees. The cumulative loss of the company is 70,000 crore rupees and the loss for the fiscal year 2019 was 7,600 crore rupees.

BREAKING :

– After 68 years of being taken away, Tatas win Air India, per @business

– Announcement soon (shraadh, so after 6th Oct?)

– SpiceJet's Ajay Singh being the losing bidder. pic.twitter.com/aSOAlfD3if

— Tarun Shukla (@shukla_tarun) October 1, 2021

Air India had a bloated head count of 214 employees per plane, while Singapore airlines has 160 and British Airways has 178. Air India, with time, had imbibed socialism as the way forward. It offered up to 24 free tickets each year to each of their estimated 24000 employees and even their extended families could use it.

Also read: “Air India will have to close if not privatized”, finally the government takes a bold call on loss making Airline

In 2007, the government of India merged Indian Airlines – the domestic carrier – and Air India. The scale-based economics behind the merger failed miserably. Ever since the two entities merged in 2007, Air India suffered heavy losses every year. In April 2012, the UPA-II government announced a bailout package of over ₹ 30,000 crore for a 10-year period to keep the national carrier afloat.

Air India’s Potential to Flourish

Air India is India’s major airliner which connects almost all parts of the world to our country. It has a vast fleet of jets. As of August 2021, Air India operates no less than 127 aircrafts, which include fleets of Boeing 777-300ER, Boeing 777-200LR, Boeing 747-400 and Airbus A320neo among others. Air India has a vast network whose potential, sadly, remains untapped. However, now that Tata Sons are back in control of the airline, things are about to take a much more positive turn for Air India.

Read more: The disinvestment of Air India is an idea whose time had come almost a decade back

A fundamental problem which plagued Air India for decades was its non-profit oriented business approach. Being a “national carrier”, which received bailouts from the Indian government time and again, Air India never really took things seriously, which is why its debt situation only turned from bad to worse. With the Modi government in place, a consensus was reached upon that bailout packages for Air India are simply unfeasible, not to mention, ineffectual. The airline would not change its outlook to business, and things would ultimately remain the same. However, now that the airline has been privatised, Air India does not have the government to bank on. It must perform, or perish.

Difficulties like out-of-date aircraft, inability to pay its employees and lack of adequate service to passengers added to its Air India’s deterioration. Furthermore, the rise of private airlines like SpiceJet, Air Asia and IndiGo have only added to its woes, since these private players started offering competitive airfares and better services than Air India.

Tatas – The Rightful Heirs of Air India

If there is one corporate group which can turn around the fortunes of Air India, it is the Tata Sons. Air India was snatched away from JRD Tata, and now, Ratan Tata is bringing the airline back to the empire. There is a sense of emotional value which the Tatas attach with Air India. And then, the Tatas have the potential of making Air India the country’s global airline offering, which not just Indians fly on, but people from across countries use for air travel as well.

Tata Sons is also keen to bring low-fare airline AirAsia India under the Air India umbrella after its bid for the state-owned carrier gets processed. According to the Economic Times, at a later stage, full-service carrier Vistara is also likely to be part of a combined entity if Singapore Airlines (SIA), its 49% shareholder, comes on board. So, the Tatas are effectively planning to construct an Indian airline behemoth out of Air India. Needless to say, the group has a plan, and once it gets effectuated, there is a high chance of Air India becoming a shining success story for the country which would go on to propel the rise of aviation in India.

India’s aviation sector is all set for a revolution. The Tatas must implement their plan for Air India with utmost care, as the future of Indian aviation has now come to depend on them in a big way.

Tags: Air IndiaAir India PrivatisationIndian AviationJRD TataRatan TataTatatata sons
Share191TweetSend
Previous Post

‘I can float a new party and ally with the BJP’, Amarinder changes everything in Punjab

Next Post

Capt Amarinder meets Amit Shah and Ajit Doval to make sure that Pakistan’s man Sidhu faces the music

Sanbeer Singh Ranhotra

Sanbeer Singh Ranhotra

।। Political Enthusiast ।।Compulsively Opinionated ।। Aspiring Journalist ।। ਮਨ ਨੀਵਾਂ ਮੱਤ ਉੱਚੀ ।।

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

The ‘Noida Goon’ Shrikant Tyagi is Swami Prasad Maurya’s sidekick

The ‘Noida Goon’ Shrikant Tyagi is Swami Prasad Maurya’s sidekick

10 August 2022
Indian textile sector can grow at the expense of China’s textile sector

Indian textile sector can grow at the expense of China’s textile sector

10 August 2022
Nitish Kumar PM

Nitish as PM Modi’s challenger in 2024 will be the best thing for the BJP

10 August 2022
Raja Marthanda Varma

Battle of Colachel: The untold victory of Raja Marthanda Varma that threw out the Dutch from India forever

10 August 2022

Popular This Week

BYJU’s
Analysis

BYJU’s on the road to become the next SAHARA….

by Rahul Gupta
1 July 2022
In global defence market, Tejas is top-shelf stuff
Defense

In global defence market, Tejas is top-shelf stuff

by Rahul Gupta
7 August 2022
Atul Kulkarni hindu
Cinema

Atul Kulkarni – A vicious brain behind an innocent artist

by Tanya Trivedi
8 August 2022
Jagariya family
Trending

Single Hindu family in Mumbai’s Muslim-dominated bhindi bazaar was thrown out, and then came Hindus

by Apoorva Shukla
3 August 2022
Oil India
Geopolitics

Russia replacing Saudi Arabia as India’s top oil supplier is giving sleepless nights to Gulf countries

by Rahul Gupta
6 August 2022

©2022 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
  • Premium
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2022 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost