The decision of the central government to disinvest 76% shares of Air India, the national carrier called the Jewel of the Nation, is completely against the interest of the nation and is part of the aggressive privatisation move of the government to eliminate all PSUs to suit to the requirement of the private corporates to grab maximum profits. There is no justification for the privatisation of Air India, except that by doing so, the private carriers will get a hay day for raising the charges and garnering huge profits at the cost of the passengers.
Air India was one of the profit making excellent PSUs till the government merged Indian Airlines with it and ordered a large number of planes paying huge amount, when that much number of planes were not at all necessary and viable.
It is reported that the bid worth for Air India is fixed at Rs. 5,000 crore. With its large number of planes, the space it has got in all the airports, the machinery, the buses and other infrastructure, Air India will be having an asset of more than Rs. 20,000 crore at the least. Of course, privatisation is a process through which the valuable PSUs are gifted to the corporates for name sake price.
Strong protest should come up against this anti-people move of the government and the privatisation should be defeated.