Govt is not selling 51% in Air India says Civil Aviation Secy
The Civil Aviation Secretary has denied talks about a possible stake sale by the government in Air India. Bloomberg had earlier reported quoting unnamed sources that the government was planning to sell a majority stake (51%) in Air India.
However, Civil Aviation Secretary R N Choubey has now denied the move. The report said that the plan was to revive Air India after five years of selling 51% stake. At the time, Air India and the Finance Ministry had both declined to comment.
Air India accounts for 14% market share in the domestic market amid tough competition from budget fliers. Several turnaround packages from the government including a Rs 30000-crore bailout have failed to revive the national carrier.
News Source: www.dnaindia.com
You might also like
International journalists toured Mendoza and Buenos Aires
As part of the National Harvest Festival 2017, INPROTUR attended the delegation. The Ministry of Tourism of the Nation, through the National Institute of Tourism (INPROTUR), made a familiarization tour
Thomas Cook (India) Limited announces strong Results for the Quarter ended June 30, 2017
Thomas Cook India’s standalone results: PBT growth of 31% from Rs 321 Mn. to Rs 421 Mn. PBT (before exceptional items) for Thomas Cook India Group for CY2017 grows by
Mumbai cruise tourism set to get a major boost
With more companies interested to set sail from Mumbai, citizens will not only enjoy cruising along in luxury but also the benefits of better pricing. The city’s potential of developing
