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Air India Pricing Strategies Term Paper Service Aeassignmentmlcx riverbendrestoration usHardeep Singh Puri, India's civil aviation minister, reportedly told airlines on Thursday that the government had no choice but to privatize air India, which has about 80 billion rupees in debt and needs the cooperation of employees to proceed.Mr. Puri, in a meeting with about 13 Indian aviation unions in Delhi, said the government was trying to address employees' concerns about issues such as job protection after privatization, union representatives said.The union said it opposed the traditional carrier going into private hands and stressed that airline employees would be able to run it as long as it had government support.After the meeting, a union representative said: "the minister said that air India has a debt of rs 80 billion and no expert can solve the problem.In this case, privatization is the only option for the government."For an hour.He added that Mr. Puri sought the cooperation of all airline unions to carry out the national airline's divestment process.Later, Mr Puri tweeted that he had had "long and useful" discussions with union representatives and that the two sides would meet again in the next 10 days."Long and useful discussions with representatives of various @airindiain unions in the context of the upcoming privatisation of the airline," the minister tweeted."The unions have expressed their concerns and have expressed appropriate concerns," he said.We have agreed to meet again in the next 10 days to advance our discussions."The minister also told the union that air India specific alternative mechanism (AISAM), led by home minister Amit Shah, had held only one meeting and that he would address the concerns of all staff at the next meeting.Last week, a senior air India official said that if no new investors joined by June, the airline might have to fail in a similar way to the now defunct jet airways.A few days later, Mr Puri said the airline would continue to operate until it was privatised."For our part, we have identified our main issues, such as job protection, settlement of dues due due to a 25 per cent reduction in wages/benefits, continuing medical benefits, honorarium and provident fund protection, leave cashing and passage allowance, among others," he said.Union representatives said the minister told delegates on Thursday that he had "committed" to clearing outstanding contributions in parliament and that the government would try to include them in an "expression of interest" (EoI) as far as job protection was concerned."However, the minister did not give a specific date," the union representative said.Mr Puri said on December 31st that the government would try to launch an EoI in the coming "weeks" to sell air India.Civil aviation minister pradeep singh karora and air India CMD ashwani lohani also attended the meeting.In granting free travel passes to pensioners after divestment, the minister was not "inclined", according to union representatives, to continue the practice, which was found to be detrimental to most political parties.However, the minister said he would recover only after studying the matter.Employees are allowed to take a limited number of free trips each year on the airline's domestic flights.Air India, subject to India's investment restrictions, has a net loss of about rs 8,556 million in 2018-19, and its total current debt is about rs 80 billion."Air India is operating," puri said.Air India will continue to operate.But air India must be privatized because it is losing 200 million to 20 million rupees a day.It's taxpayers' money that can be used to make money, "he said on Dec. 31.AISAM has given the go-ahead to restart the government's process of selling 100 per cent of air India, as well as air India Express and airlines' stake in AISATS, the joint venture.In 2018, government efforts to sell a 76 per cent stake and transfer management control to private companies failed because no bidders emerged.1970-01-01 08:00:00 1970-01-01 08:00:00 strong jobs data fourth Danish solar energy company is expected to Greg, improve profit forecasts Asian market here relief rally after India for refinery production stop geely and Mercedes Benz and Saudi aramco shares opened up as interest rates rise again on Wednesday the government won't department, according to a new account in recent merger Netwatch group in the first 10 months of 2018 operating income of 35.1 million euros.But...The intellectual property rights of the contents published on www.cngoldzone.com shall be exclusively owned or held by the boundary network and/or related right holders.Without permission, any use such as reprinting, excerpting, copying and mirroring is prohibited.Copyright ? 2014 | China Internet reporting center. All rights reserved

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