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
TAFI Elects New Leadership Team at 31st Annual General Meeting
The Travel Agents Federation of India (TAFI), one of the most respected voices of the country’s travel and tourism industry, has announced the election of its new Managing Committee for
Substantial progress in operational and financial areas by Air India
Air India continuously monitors the market developments, performance of its flights and carries out studies with an objective to withdraw, to introduce new routes or increase or decrease frequency on
LUFTHANSA FLIES ITS FLAGSHIP AIRCRAFT B747-8 TO MUMBAI
The ‘Queen of Skies’ will offer Mumbai area residents premium onboard product on flights from Mumbai to Frankfurt during winter schedule. With the introduction of the 2016/ 17 winter schedule
