India Explored

India's National Carrier has been in trouble for many years, and seems to be hitting a dead end. With mounting losses year after year and no good news in sight, Air India has again sought a bailout package from the government. This time, they are looking for a very high sum of Rs.10,000 crores. The airline will not be able to pay salaries to their employees at the end of June.

Despite the continuous failure of the airline, government is still willing to help out the airline. Civil Aviation Minister Praful Patel has expressed the inclination to provide a bailout package. The only difference this time is that Air India may have to respond with a strong restructuring program.

In the meanwhile, Air India also has to manage the interest of their employees who go on a strike at the slightest excuse. The airline's decision to delay the salary for June has already provoked the union, which has threatened to go on strike if the salaries are not paid on time. It would be wise to stay away from Air India until the crisis is resolved.

Related News:
1. Praful Patel on Bailout Package for Air India: http://economictimes.indiatimes.com/News/News-By-Industry/Transportation/Airlines--Aviation/Bailout-package-for-Air-India-Patel/articleshow/4656212.cms
2. Air India Seeks Rs.10,000 crores http://ibnlive.in.com/news/air-india-in-crisis-seeks-rs-10000cr-bailout/95473-7.html
3. Air India Strike Looms: http://timesofindia.indiatimes.com/Business/Air-India-set-to-cut-wages-stir-looms-/articleshow/4689910.cms