Aviation minister says to review Air India stake sale plan soon
India will soon review a plan to sell a stake in Air India, Civil Aviation Minister Suresh Prabhu said, weeks after the government found no takers for the beleaguered flag carrier.
The government is committed that Air India remains an independent, globally-competitive and a highly-successful airline, junior civil aviation minister Jayant Sinha told a news conference on Wednesday.
The government announced a plan in March to divest a 76-percent stake in Air India and offload about $5.1 billion of its debt, but prospective buyers stayed away, with some citing onerous terms as a reason for their lack of interest.
You might also like
Delhi to witness a Grand Korean Grandeur in November
The 2 day Korea festival celebrating art, culture and heritage to be organised in the city. A two day Korea festival showcasing Korea’s rich art, culture and heritage will take
Turkish Ambassador hosted high tea at his official residence
The Ambassador of Turkey to India, H.E. Mr Şakir Özkan Torunlar, today hosted a High Tea for members of the Indian tourism and economy media at the official residence in
Countries which have announced rescue packages for tourism sector
The Indian Government is yet to offer any insight, support or confidence to the country’s endangered Travel & Tourism Industry, as to how they can restart and keep their business
