From Amitabha Roychowdhury
San Francisco, May 22 (PTI) A top global airline official has suggested privatisation of Air India saying government involvement in running airline business does not help.
Maintaining that "a lot of time" has already been lost, Lufthansa CEO Carsten Spohr said there was a lot of government involvement in India which "does not always help" as airline business needs quick decisions.
Referring to the privatisation experience of the premier German carrier, he said Lufthansa was partly privatised in 1992 and fully five years later.
"Our stocks were put on the market through public stock exchange and we don't have a single shareholding. The employees' unions are also our shareholders", Spohr told a team of visiting Indian journalists here.