Recession has had a tremendous impact on many industries including aviation which was probably the worst hit of the lot! This shift in the economic power has led to cutbacks, salary cuts as well as grounding of planes and services. Air India the national carrier of India has had it quite tough. whether it was so due to the incompetent management or due to bad decisions is unclear.
what is clear is that Air India is in need to help...and that too quite desperately! Heeding to its call for help the government is planning to inject 800 Crores into the Air India system hoping to bail it out of the crisis.
Lets hope our winged ambassador (The Maharaja) can find new wings to fly!
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