Tag Archives: Air india

Finance Minister exposes himself on Air India Sale.

03 Saturday Jun 2017

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According to press reports, Finance Minister Arun Jaitely has stated that he wanted to disinvest Air India while he was in charge of the the Disinvestment Ministry during the period 1999-2000.

This exposes the deep rooted conspiracy of the NDA government to sell the national carrier, even before it started posting serious loss. The debt situation was very less at that time.

As far as the NDA government is concerned, it is only the question whether it is to be sold to Foreign or Indian Companies? But it is not an easy matter, since the workers and their unions in Air India will fight this danger with all their might, with the support of the working class in India.

 

AI and AI

29 Monday May 2017

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So far AI meant Air India. But now the ‘AI’ is more and more being used for Artificial Intelligence.

Government wants to eliminate Air India by closure or by strategic sale. Then, only one  AI will be there – Artificial Intelligence, which means more and more robots and robotics, mainly benefitting the corporates, rich and powerful, thus reducing the workforce.

However, the Air India workers and the people will not allow the major PSU, Air India, to be privatised. There is going to be sustained struggles, that I am sure.

Air India may be put up for Strategic Sale – Finance Minister

28 Sunday May 2017

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The Finance Minister Arun Jaitley’s statement that Air India may be put up for strategic sale has shocked the nation. Air India and Indian Air Lines were both profitable, but after compulsory merger by the government, the merged Air India became loss making. The unnecessary purchase of planes, almost three times its requirement, at the behest of the then Minister Praful Patel and wrong policy decisions are the main reasons. For the last three years, Air India has reduced its losses and has posted operational profit. The deficit is mainly due to the depreciation for the assets like planes etc.

Probably the government may have a feeling that once Air India becomes profitable, it will be difficult to privatise it. Hence the urgency to implement strategic sale of this great PSU.

It is no different with BSNL. Once it is posting operational profit, NITI Ayog has recommended its closure or privatisation.

The Modi government in its privatisation madness, is going to destroy all the Public Sector Units one after another. This madness has to be cured by the sustained struggle of the workers with the full support of the people, who are the real sufferers.

Air India posts Operational profit of Rs. 105 crores for 2015-16

15 Saturday Oct 2016

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It is good news! Air India has posted an operational profit of Rs. 105 crores for 2015-16 improving from its position of Rs. 5,859 crores  loss during the last year. This year also after depreciation, there will a loss of about Rs. 3,587 crores.

The total earning for this year comes to Rs. 20,526 crore, which is almost as of last year. But due to increase in seat factor and less expenditure, it has posted operational profit.

Congratulations to the management and employees of Air india for this improvement!

Air India Express posts Rs. 62 crores profit in 2014-15

03 Saturday Sep 2016

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Congratulations to the workers and management of Air India. The Air India Express section of the Air India has declared profit of Rs. 62 crores for 2014-15. This is the first time that it had posted profit since last about 10 years since its inception in 2005.

The increased number of people flying and the low cost of fuel has helped the Air India resulting in profit. It is expected that Air India will be able to increase the profit this year.

Move to disinvest Air India

22 Monday Aug 2016

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The central government is moving for disinvestment of Air India, if the reports in the papers are any indication. On the plea of reducing the loss of the company, the Air India wants to sell shares to the extend of Rs.10,000 crores. This is nothing short of gradually increasing the disinvestment of Air India with the programme of privatisation in future.

Air India-Indian Airlines Merger – What we said is true

24 Tuesday May 2016

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Shri Ashwani Lohani, CMD Air India is reported to have said that Air India started posting loss and troubles started after the merger of the two PSUs Air India and Indian Airlines. We said the same thing at that time itself. So, what we said has been confirmed by no less a person than the CMD Air India himself. Our objection to the merger of BSNL and MTNL is relevant in this context. Before any merger takes place between BSNL and MTNL, the issues we have focussed should be settled.

The government has now decided to merge the SBI Associate banks with SBI. This is nothing but destroying both SBI and its associate banks. Naturally the bank workers are opposing the same tooth and nail and one day strike has already taken place.

Air India to post profit by 2016-17

07 Monday Mar 2016

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There is hope for Air India for better future. As per the revenue estimate put up by the board and the increase in traffic, it is pointed out that the airline may be profitable by 2016-17. The PSU has posted an operational profit of Rs. 8 crore in 2015-16 and the loss has come down from Rs. 5,859 crore in 2014-15 to Rs. 2,636 in the current year.

It is learnt that large amount of airfare charges are to be paid by the government to the Air India during the last few years. The government should pay the same urgently to help the company.