As the central government is planning to invite bids for Air India soon, its CMD said on Saturday that expecting a radical improvement in the airline bordering on a turnaround is an impractical thought “in this environment of disinvestment”.
In a Facebook post, Air India Chairman and Managing Director Ashwani Lohani said, “Air India needs to survive till it is sold.” “I wonder why is it so difficult for this appreciation to sink in and also that in this environment of disinvestment, expecting a radical improvement bordering on a turnaround is an impractical thought. That output can be given sans inputs is a grossly impractical thought,” he added.
Air India’s net loss in 2018-19 was around Rs 8,556 crore.
