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
Relax -Restore -Rejoice – Rejuvenate
The answer to your tired body, mind and soul is with the Renaissance Mumbai Convention Centre Hotel, Powai. Immerse yourself in the treasure of relaxing and stimulating facilities available at
Radisson Blu Hotel Ghaziabad opens Lust by Poolside Bar & Barbeque
Radisson Blu Hotel Ghaziabad has launched Lust by the Pool, the Hotel’s Poolside Bar & Barbeque. The hotel has become a name to reckon with, for revelers, as the ultimate
India becomes third largest aviation market in domestic traffic
The domestic travel demand rose 16 per cent in February this year, ending the long streak of over 20 per cent. India has become the third largest aviation market in
