Air India staff should give personal Guarantee that they will work well, never go on strike or sudden leave etc - and work well to ensure good profits for Air India. Otherwise, there is no point of any sovereign Guarantee - for a hugely losing concern.
Air India should be privatised and made to run like a profitable commercial venture. Shares of Air India should be traded in NSE & BSE like Coal India, SAIL, MTNL, etc. Government should not be going on pouring tax payer`s money into non-profitable, mis-managed ventures