Into the centre of the long-running saga of Air India privatization , an unlikely figure has emerged with the ambition to pilot the airline. Meenakshi Mallik, who serves on the flag carrier’s board as director (commercial) and has worked at the airline for 31 years, is the face behind the employees’ bid to acquire Air India. But how does Mallik plan to acquire a mammoth airline saddled with biblical amounts of debt with a band of colleagues? One is to partner with a private equity fund that will finance the bid while letting employees retain control of the airline. Second is that the support of the employees will be the biggest political hurdle in the privatization bid.

Source: Mint December 28, 2020 23:48 UTC