State-owned aviation company Air India, which is mired in debt of more than Rs 69,000 crore, is hoping to find a savior. Interestingly a group of senior employees has come forward to buy their own company. The employee is preparing to take part in a government bid with a private equity firm. This will be the first case in the country's corporate history when employees will buy a government company.
One of the senior executives who was going to be the savior of the company said that 4-5 comrades were sitting at the Air India headquarters after Diwali. All have been working in Air India for 30-32 years. There is talk that this time we are celebrating Diwali.
What will be the position of Air India next Diwali? What will happen to employees? Nothing to know. Showing off the experience of the first day of joining all got emotional. Then an official said that he had spent his whole life in airlines, maybe we could have bought him! All got serious on this idea.
The official said that our thoughts got wings. We started looking for a financier and agreed on a name. The private equity firm agreed to our proposal. After that, the officers and employees of Air India, who have been in office for 30 to 32 years, were selected.
The official said that our thoughts got wings. We started looking for a financier and agreed on a name. The private equity firm agreed to our proposal. After that, the officers and employees of Air India, who have been in office for 30 to 32 years, were selected.
he rationale behind this was that older employees would have an emotional connection to the company.
It will fully support this campaign. More than 200 employees have joined the campaign. Currently, 1-1 lakh rupees are being collected. Air India has a total of 14,000 employees. An official involved in the campaign said the company still has potential today. If all goes well, the company could get back on track in two years.
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