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Question
This legacy Indian carrier was once known for its efficiency and customer service but is now on the brink of collapse. With mounting financial losses and management issues, the Indian government has planned to privatise the airline to save the exchequer's money and recoup some of the outstanding debt. Which Indian airline is being talked about here?
This legacy Indian carrier was once known for its efficiency and customer service but is now on the brink of collapse. With mounting financial losses and management issues, the Indian government has planned to privatise the airline to save the exchequer's money and recoup some of the outstanding debt. Which Indian airline is being talked about here?
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Solution
The correct option is D Air India
The legacy Indian carrier is Air India. It was founded in 1932 by JRD Tata and was known as Tata Airlines at that time. All of the Indian airlines were nationalised in 1953. It was renamed as Air India by 2005. The airline has a huge financial burden of around 48,000 crores which has made it difficult for the government to privatise the airline. The government might be forced to either shut down the airline or sell its assets.
The legacy Indian carrier is Air India. It was founded in 1932 by JRD Tata and was known as Tata Airlines at that time. All of the Indian airlines were nationalised in 1953. It was renamed as Air India by 2005. The airline has a huge financial burden of around 48,000 crores which has made it difficult for the government to privatise the airline. The government might be forced to either shut down the airline or sell its assets.
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