Ajit Singh is right, privatisation is the only way for Air India

Union Civil Aviation Minister Ajit Singh caused great turbulence with his statement that privatising Air India may be the only realistic option now. Air India had been reeling under losses of Rs 35,000 crore, accumulated over four years, but had been bailed out by the government with a cash infusion of Rs 30,000 crore over nine years, starting 2012-13, but that generosity is jarring, given the fiscal deficit. 

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