Air India going through financial crisis, another shock

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<pre>Air India going through financial crisis, another shock


New Delhi. After the government issued Ruchipatra (EOI) to privatize the state-run air service Air India last month, there has been a drop of about 15 percent on ticket booking in Air India. Due to this decline, Air India is contacting travel agents to assure passengers that their money spent on booking will not be stuck as only the owner will change after the privatization of the airline. A senior Air India official said that the summer holidays are one of the periods for air travel.

However, according to the booking data as of March, the airline has lost a significant number of passengers, which is a concern for management subject to. Air India spokesperson Dhananjay Kumar said that as the disinvestment process for the airline has started, its owner may change soon but the airline will continue flying. The official said that since the airline sees most of the bookings from metro cities, it has focused on approaching agents in Delhi, Mumbai, Kolkata, Hyderabad, Chennai and Bangalore. A meeting with the major travel agents was held last month in Delhi and Mumbai.

The airline plans to hold similar meetings with international travel agents after meeting travel agents in metro cities. Air India has a loan of about Rs 60,000 crore. In January, Aviation Minister Hardeep Singh Puri described the state of the national airline as ‘very fragile’. Puri also said that after the airline failed to sell the majority claim in 2018, the government has this time worked on key areas to make the disinvestment bid more attractive to future bidder.

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