Part 1
With the cabinet giving a go-ahead in June 2017 for the government to try and sell Air India, I can't help but feel a sense of closure of a chapter in the long standing relationship between the government & the aviation sector. It is a move that has been debated since 2011 - the year when attempts were made, for the first time, to privatize the airline.
With the market in flux and purchasing power low, is it a wise move by the government at this point in time? - Hard to say. But was it a move that was long due? - Probably yes.
After multiple attempts by the government to convert the airline into a profit-making unit, it has still been unable to match the private giants that have grown at a rapid pace in the past few years.
Air India, currently at the 4th position with 13% market share after Indigo, Jet Airways, and Spice Jet, is the talk of the town. It is up for sale, but the question remains intact - who will buy Air India and all its debt? Will the journey take a full circle and land up again with its founder - the TATA group?
On that note, we take a step back in time and have a quick look at how the airline has evolved over the years!
Information Sources: http://bit.ly/2tAOCk2 , http://bit.ly/2t6P1Hr , Infographic created using Piktochart http://bit.ly/1MXn91Y , http://bit.ly/1MXn91Y, http://bit.ly/2pQSNbz
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