Tag Archives: Air india

No Disinvestment of BSNL, Air India – MoS Finance

25 Saturday Apr 2015

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 Minister of State of Finance, Shri Jayant Sinha informed Lok Sabha on 24th April 2015 that there will be no disinvestment of BSNL and Air India at present. He also stated that the employees in both PSUs are strongly opposing disinvestment.

Our opposition against disinvestment is noted by the government. Any move to disinvest BSNL will be against the assurances given by the government to the Joint Forum of BSNL Unions. But however, the workers have to be ready for strong struggle, if any move starts for disinvestment.

Government owes Rs. 600 crore to Air India

17 Friday Apr 2015

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Air India is struggling to come out of the financial crisis created by the government. It is in loss for the last few years. The central government should support the PSU. But the fact is that even the amount due by the government for the travel of its Ministers, officers etc. are not being paid.  At present, the government is in arrears of payment of more than Rs. 600 crore to the Air India.

BJP government is continuously stating about good governance. It also speaks volumes about supporting Air India. But what is going on? Even what is due for months or years is not being paid to Air India by the same government.

Government should immediately act and pay the arrears / due to the ailing Air India without any delay.

Allegations of Corruption against former Civil Aviation Minister Praful Patel

16 Thursday Apr 2015

Posted by in Neo-liberal policy, PSU

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The Supreme court has asked the CBI to submit the details of its probe against former Civil Aviation Minister Praful Patel, who has ordered  a large number of 111 air-crafts for Air India, gave preferential routes to private companies taking them from Air India and the merger of Air India – Indian Airlines.

In fact, these are some of the wrong decisions which have been taken by then Civial Aviation Minister which made Air India in to loss and turmoil. I have pointed out these issues several times. PSUs are being dealt with as their kingdom by the Ministers who wants to maximum benefit personally.

Let the inquiry be over so that we will know the extent of the corruption.

Air India coming out of loss?

12 Sunday Apr 2015

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The latest reports indicate that Air India, which was in serious loss in gradually coming out of it. A report in the Economic Times states:

“After a streak of losses, Air India had reported a net profit of Rs 14.6 crore in December last year, from a loss of Rs 168.7 crore in the corresponding period of 2013.

Besides, it has also managed to reduce its losses from as high as Rs 7,599 crore in fiscal 2011-12 to Rs 5,490 crore in financial year 2012-13 and a further down to Rs 5,388 crore in FY-14, respectively.”

Congratulations to the workers and the management for the effort to save the PSU. Hope it will come back to financial viability soon.

It is to be remembered that the role of the Air India in evacuating persons from the war fields of Yemen as also From Kashmir, Uttarakhand etc. during natural calamities  has been widely appreciated.

MTNL and Air India declared sick – Minister

11 Wednesday Mar 2015

Posted by in BSNL News, SAVE BSNL CAMPAIGN, Telecom

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Minister of State for Heavy Industries Anant Geete told the Parliament yesterday that MTNL and Air India have been declared sick. In addition, four other PSUs, viz. Scooters India Limited, Hindustan Ship Yard, ITI and Hindustan Cables are also declared sick industries.

A PSU is declared sick when it has accumulated losses in any financial year equal to 50% or more to its average net worth during four preceding years. Air India as well as MTNL, both come in  this category.

Though BSNL is in loss for the last five years, since its net worth is much more, it will  not come under the category. But the danger is there. That is why the Forum of BSNL Unions and Associations is calling upon the government, the management  and the workers to make all out efforts for the Revival of BSNL.

Corporates demand Disinvestment of BSNL, LIC, Air India

23 Monday Feb 2015

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The aggressive disinvestment policy of Modi Government has encouraged the corporates to demand disinvestment of further PSUs. Deepak Parekh, Chairman HDFC and top industrialist has demanded that BSNL, Air India and LIC be disinvested, as per a report in the TOI. He has also mentioned that despite some committees appointed by the government, in which he was a member, had recommended disinvestment of BSNL, due to strong opposition from the unions, it could not be implemented. Now, he wants the disinvestment of these PSUs, which according to him will get lakhs of crores of rupees for the government.

BSNL, LIC, Air India etc. are some of the biggest and flagships of the PSUs. This new attack by the industry is calculated. The unprecedented growth of LIC, the recovery being made by both Air India and BSNL through concerted united efforts of the workers did not go well with the corporates, who want them to slow down which will enable them either to take over or  closure.

The Danger is real. The workers in these PSUs have to immediately start fighting back these offensive against PSUs. BSNL workers are already in a serious campaign of SAVE BSNL, SAVE NATION.

We can not allow these PSUs to be destroyed. We shall fight back and defend them to survive and grow.

Air India posts profit after a long period.

13 Tuesday Jan 2015

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There is good news for all PSUs and their workers. After a long time, Air India has posted profits for the year ending December 2014. The profit is more than Rs. 14 crores. We congratulate Air India and its employees for their turn around.

Air India to recruit 800 Cabin Crew

06 Tuesday Jan 2015

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The government has approved the long pending request of Air India to recruit 800 cabin crew. Since there was acute shortage of cabin crew in Air India, the services were being adversely affected. It is good that at least now, the government has agreed to allow minimum recruitment.

Air India – Indian Airlines Merger

02 Tuesday Dec 2014

Posted by in PSU, TU News - India

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The staff and HR issues connected with merger of Air India and Indian Airlines are still pending. Many strikes were organised both by the employees of AI and IA, whose promotional and other HR issues were affected. A court case is also pending in the Supreme Court.

These are a batch of cross appeals both by the Air India management and buy the various employees’ unions. The Supreme Court on 1st December heard the case, but did not give any decision on the request of the unions for interim relief. The Court stated that ” There has to be a practical way out. Any order should not be harsh on your employer (Air India) also”. (Courtesy  : ET)

Air India – Only 9 daily flights out of 370 profitable

25 Tuesday Nov 2014

Posted by in Neo-liberal policy, News, PSU

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The Minister Civil Aviation told the Parliament today that only 9 flights out 370 flights daily of Air India, are profitable. All other flights are causing loss.

The minister also stated that Air India is posting loss for the last three years. The loss in 2011-12 was Rs. 7559.7 crore, in 2012-13 Rs. 5490.2 crore and in 2013-14 Rs. 5388.8 crore. the Minister also told that as on 31 October, Air India has a total loan of Rs. 52237 crores out of which Rs. 23,358 crore is aircraft loan and Rs. 28,879 crore working capital loan.

Both the Congress and BJP will be very happy. Both the UPA and NDA governments together have been able to make the profitable Air India to a loss making PSU. The Air India –  Indian Airlines Merger with out any sustainable plan, purchasing of large number of planes without any requirement, handing over routes to foreign companies, handing over profitable domestic routes to private airlines , scheduling AI flights immediately after the schedule of private air lines, high rent charges to the private airports, mismanagement and of course the policy decisions against PSUs – all these have pushed the Air India in to big loss. The government might have already started thinking about closing or privatising the Air India as is its policy. This has to be defeated and the Air India saved.