The airline has also been asked to put a freeze on large-scale appointments and promotions. The government can chip in by helping Air India get those lucrative slots which will help it in gaining massive traffic in Europe, US and North America," an analyst said. Air India, with a total debt of about Rs 58,000 crore, is said to be bleeding around Rs 21 crore daily. In the fiscal ended March 31, 2019, the airline is estimated to have reported a loss of Rs 7,600 crore. But the question arises: Is the government equipped to run an entity like Air India, where operational decisions on a day-to-day basis have to be taken on the spot?"

Source: dna July 22, 2019 00:56 UTC