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
TAAI announces Convention in Colombo from July 6 – 9, 2023
Travel Agents Association of India (TAAI) on the invitation from the Sri Lankan Tourism Promotion Board (SLTPB) will be holding its 67th Convention and Exhibition in Colombo, Sri Lanka from
PHD 6th India Heritage Tourism Conclave
Sustaining Heritage Tourism of Khajuraho PHD Chamber of Commerce and Industry organized a press conference lately to create awareness about promoting the heritage of Khajuraho and bringing Khajuraho on the
IHCL launches Qmin, a repertoire of culinary experiences
Indian Hotels Company (IHCL) has announced the launch of Qmin, a repertoire of culinary experiences commencing with delivering dishes from your favourite restaurants in the comfort of your homes will
