What you are talking about is completely impossible in current scenario. These are the reasons why:
1. The current liability of the aforementioned comapnies to its employees, suppliers and other far outweigh the current cpital reserves it has. So, if the Govt wants to wipe down the Airline business, then it would be a huge financial loss.
2. If such a decision is taken even in face of accruing the loss and putting the burden on the taxpayers' shoulders, then too it would take minimum of 3-4 months to shut down the complete business and settle all dues. During that period, how do you think the whole air travel is going to be managed? Should we stop all air travel to, from and within our country for the next 3-4 months??? Just think how devastating it can be for the whole economy.
3. Currently most of the aircrafts owned by IA, AI, and subsidiaries are aged and there is no point in re-using them for a new airlines as that would require a revamping of the fleet within a few years, thus sky-rocketing the initial costs of setting up the business. It is unacceptable by any conscient businessman and even if the Govt does that, it would have a very long term economic consequence on the whole economy.
4. Currently there is a death of skilled technicains n cabin crew in the airlines industry. How would u make sure tht d same ppl wont b hired again? From where would you bring so many new experienced employees??
