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
Wyndham Hotel Group launches new loyalty programme
Wyndham Hotel Group recently announced the global launch of its groundbreaking new loyalty programme, Wyndham Rewards, with the debut of a multimillion dollar, integrated umbrella marketing campaign. Conceived and produced
German journalists explored destinations in Argentina
They toured different parts of Tucumán, the Esteros del Ibera, Corrientes and Buenos Aires. The Ministry of Tourism of the Nation, through the National Institute of Tourism (INPROTUR), accompanied by three journalists from the Federal
Railways offering 5% discount to promote cashless transaction
Good news for railway passengers who book their train ticket at Indian Railways ticket reservation counters. You can avail a 5 per cent instant discount on train tickets if you
