Why is Air India under enormous debt and loss?
Air India, India's national carrier, is under tremendous debt and loss due to its inefficient business model and government interference. The airline has been overstaffed, inefficiently managed, and has failed to keep up with changing business trends. Additionally, the government has imposed high taxes, expensive leases, and other financial burdens on the airline. As a result, Air India has not been able to compete with private airlines and has been unable to turn a profit. To remedy this, the government has proposed a privatization of Air India, which would involve selling off the airline's assets and reducing its staff.