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
All Nippon Airways and TV Asahi come together to promote “Shin Chan: The Spicy Kasukabe Dancers in India”
ANA Mumbai has collaborated with TV Asahi for the first time ever The collaboration will cover joint promotions, both online and offline The exclusive premiere in Mumbai was scheduled for
Models pose on airstrip during take off, DGCA orders inquiry says Report
While the information of location has not been divulged yet, DGCA sources said an inquiry has been initiated against the private plane and the group of models for flouting security
Hotel Association of India pledges support to revive tourism in J&K
Hotel Association of India (HAI), the apex body of the hotel industry in India and an integrated hospitality industry platform, has expressed steadfast support to the Union Territory of Jammu & Kashmir for the revival


