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Air India off its deathbed, but privatisation may be the only way forward

Discussion in 'Airline Talk & Discussion' started by Lee Ferrara, Oct 13, 2013.

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  1. Lee Ferrara

    Lee Ferrara Administrator Staff Member

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    Commentators have long been predicting Air India's imminent demise and not without reason. If far mightier airlines have keeled over, why wouldn't the national carrier, bled by excesses, mismanagement and corruption? A book by a former Air India executive released on Friday predicts as much, stopping short of writing its epitaph. Yet, Air India continues to totter along, wrapped in a Rs 30,000-crore government cocoon.

    These commentators have often served up privatisation as an antidote to Air India's agony. On October 5, aviation minister Ajit Singh joined the chorus. "Privatisation of Air India could be considered if there is political consensus. State funding cannot be endless," he told The Times of India.

    Singh was gingerly treading on a cause celebre, but the statement still created a flutter. Some would see a minister pushing for privatisation akin to a patriarch selling family jewels. Predictably, the consensus that Singh sought came in the form of universal resistance by opposition lawmakers.

    MORE: http://economictimes.indiatimes.com...the-only-way-forward/articleshow/24056760.cms
     
  2. David Barnshaw

    David Barnshaw Hangar Gold Member I

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    They'll survive because they rely on benefits from many World countries-which is criminal-as they still mantain their space programme.
     
  3. Phiroze Cama

    Phiroze Cama Hangar Associate Member V

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    Mr. David Branshaw, where do you get your information from? Your Anti Indian remarks are getting a tad bit boring. Have you contributed "anything" to India, apart from your sidey remarks? Why don't you mention about india's contribution, to the UK, both financially and intellectually? Point in case JLR and most of the Steel plants, to name a few.

    The Minister of Civil Aviation of India, Mr. Ajit Singh, is a brilliant person, and he is correct in mentioning that the Government cannot continue to finance Air India indefinitely, and the Airline should be sold to a capable Industrial House, and Privatize the Airline. The founder of Air India, was Mr. J. R. D. Tata, who ran the Airline profitably for over 40 years, then the Government Nationalized it, and ever since then, poor management has led to Air India's losses. Last year Mr. Ratan Tata, Chairman Emeritus, of the Tata Group of Companies, offered to buy back Air India, but was turned down by the Government. Please read below the latest news on Mr. Ratan Tata.

    British Queen confers Knight Grand Cross on Ratan Tata
    • [​IMG]
    (Tata, 76, is the only Indian…)

    LONDON: Ratan Tata, the former chairman of the Tata Group which is one of the largest employers in Britain, has been honoured by Queen Elizabeth with a GBE ( Knight Grand Cross), one of the UK's highest civilian awards.

    "The Queen has been graciously pleased to approve the following honorary British awards in 2014... GBE for Ratan Naval Tata, KBE, for services to UK/India relations, inward investment to the UK and philanthropy," an announcement by the Foreign and Commonwealth Office (FCO) said Thursday.
     
  4. David Barnshaw

    David Barnshaw Hangar Gold Member I

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    Sorry if I have offended you but my comments were based on facts issued over a period of time by the British media,and I would rather believe what is stated by my Country than yours,so I am afraid you will just have to get used to it.
     
  5. Harry

    Harry Hangar Associate Member III

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    David Barnshaw what utter garbage. India does not get or need aid from wherever you they get it from. I think UK is a broke country and just ups it's debt. India sent a man in space before UK. Enough said!!!
    Bye bye.
    Oh you carry on reading the Sun and Daily Mail. Oh well I suppose that's where you get your info from. Very good journalism as they are not newspapers but comics. Well here in India they would be.
     
  6. Phiroze Cama

    Phiroze Cama Hangar Associate Member V

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    Harry you are very correct. Just the Tata Group employs over a 100,000 British Citizens, in the UK. The other Industrialists like L. Mittal, Birlas, Reliance to name just a few, contribute to a large extent to the British economy and employement.

    Tata Motors accounts for 80% of the £19-billion (approx Rs. 1.9 lakh crore) turnover of the 41 fastest-growing Indian companies based in Britain, according to a new analysis by consultants Grant Thornton LLP released on Friday.

    The report prepared in collaboration with the Confederation of Indian Industry says that over 700 Indian companies in Britain employed over one lakh people and played an important role in the country’s economy. Tata Steel and Tata Motors together employ nearly 60,000 people.

    Anuj Chande, partner and head of the South Asia Group at Grant Thornton, said: “The appetite and opportunities for successful UK investment by Indian companies remains as strong as ever. In light of sluggish growth potential in India, investors are increasingly eager to enter, or scale up their UK operations as the British economy re-enters a growth phase”.

    He added: “The UK and India’s cultural history also plays a large part in many Indian executives decision to set up a base here, giving them direct UK market access and a springboard into the recovering European market”.

    The report titled 'India Meets Britain: Tracking the UK’s Top Indian Companies’ says that over half of the top 41 fastest-growing companies are in the pharmaceuticals and chemicals (22%) and technology and telecoms (32%) sectors.

    The report adds that Indian companies also appear to regard the UK as a good base for engineering and manufacturing, with 10% of the top 41 operating in the industry.

    “The automotive industry remains a significant contributor to growth…Unsurprisingly this is dominated by Tata Motors”, the report says.

    According to the research, London is not the overwhelming dominant location in which Indian companies choose to set up. The fastest-growing Indian companies in the UK are fairly evenly spread throughout the country, with just under 30% of the top 41 based in the capital.

    Chande said: “The entrepreneurial spirit of Indian companies is evident in the fact that many have entered quite specialist and high-value sectors, such as pharmaceuticals and technology. Moreover, they’ve located their businesses in regions where the local job market acts in their favour – either through specific acquisitions of businesses in those regions, or the attractiveness of investment opportunities marketed by business councils and local authorities in these areas.”
     
  7. David Barnshaw

    David Barnshaw Hangar Gold Member I

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    Ah,I see that you have just joined this group and think you know everything already,India DOES get aid from the UK-just you believe it,how the hell do you think they paid for their space programme?,get a life because when they open a mosque next door to you-you'll be sorry,if you don't like living in the UK why don't you just fcuk off to India and join the rag-heads?.
     
  8. Harry

    Harry Hangar Associate Member III

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    Racist. Will not read your reply that I am sure you will conduct.
    . About the Mosque. Yes you may be correct. But that's the only thing you are correct in.
    India is a Hindu state NOT Islamic. Building a Mosque in India is harder then in UK. But hey you voted for Blair or Cameron. Both are very weak and are selling/sold the UK due to uncontrolled immigration.
    If I was to fu£&6ff to India along with others the National health will grind to a halt as Asian Doctors are the majority, what will poor you do then???? NOTHING. So please go back into your pit and cover yourself from society.
    As I will not read your pathetic reply to this, say what you like and keep reading your reply again and again because most people will not.
    Oh I will not join the rag heads in India because most of them are here in the UK.
    Enough said. Ha ha ha.
     
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