NEW DELHI: The new owners of Air India may have to take the liabilities against gratuity and medical benefits of employees, who retire after the privatisation of the airline, as the government estimates that the cost to service these liabilities is not even 1% of total revenues of the airline.
“We have estimated that the gratuity and medical liabilities would be in the range of Rs 180 crore per annum, which is about 0.6% of the total revenues as on date and would not cost the future owners a lot. This should not bother the prospective bidders,” said a source in the know, who did not want to be identified.
