Maharaja can’t rule

After deliberating for almost three years, the cabinet finally cleared a massive Rs 30,000 crore revival package for Air India, which includes an equity infusion of about Rs 6,000 crore besides sovereign guarantees and debt restructuring. But such a bailout, using taxpayer money to just about keep the state-owned carrier afloat, does not pave the way for a successful turnaround. The airline has a host of problems, government mismanagement being the foremost.

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