Context: Due to the poor administration of Air India by successive governments, its purchase by the Tata Group has spelt relief and hope.
Background: Government divested its 100% stake to TATA. TATAs will take over only a portion of the airline’s outstanding debt, without its real-estate assets.
Reasons for Collapse of Air India :
Conclusion: Need of the hour is good regulation by a strong independent & Empowered regulator for civil aviation that focused on consumer interests while keeping crony capitalism at bay.