Looks like the dark cloud that Air India has flown into is still looming large. Operations have been terribly affected with the pilot's strike stretching into its second week now. An almost Rs 8500 crore loss last year, cumulative losses increasing Rs 15000 crore this year and a market share that is down to just about 15% is indeed catastrophic.
Also read: Civil Aviation Ministry holds talks with pilots on strike It is at such a situation that the Street runs abound with claims that the best solution will be to privatise the airline. In the CNBC-TV18Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
