The national flag carrier of India, Air India, has long been a major force in the aviation sector of that nation. However, in an effort to improve the airline's performance and ensure its long-term sustainability, the Government of India decided to privatise the airline due to budgetary limitations, operational inefficiencies, and intense competition. This abstract presents a summary of Air India's privatisation process and analyses the potential advantages and disadvantages of this tactical choice. There are a lot of potential benefits to privatising Air India. In order to improve service quality, productivity, and customer happiness, it strives to first introduce private sector knowledge and efficiency into the airline's operations. Additionally, privatisation enables quicker decision-making, adaptability to market conditions, and access to funds for investment and growth. Additionally, private ownership may lessen the strain on public budgets, allowing the government to direct resources to other important areas. The privatisation process is not without its difficulties, though. One of the main challenges is posed by Air India's complex organisational structure and legacy problems, which also include its heavy debt load, unfunded pension obligations, and ineffective organisational procedures. Planning, negotiating, and restructuring are required to address these issues and facilitate a smooth transfer to private control. Strategic mitigating measures are also necessary because to worries about probable job losses, labour union opposition, and guaranteeing a level playing field in a cutthroat aviation market. This abstract examines the various privatisation options under consideration, such as total divestment or holding onto a minority stake, as well as the consequences of each. It emphasises the necessity for competitive bidding procedures that are open and equitable, as well as for regulatory frameworks that guarantee competition, avert monopolies, and protect the interests of all parties involved, including workers and passengers. The possible effects of privatisation on Air India's overseas partnerships, routes, and brand image are also mentioned in the abstract.

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Keywords: Air India, Privatisation, National Carrier, Aviation Industry, Competition, Government of India, Revitalization, Prospects, Private Sector Expertise.