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
Global Tourism Council goes live
After two years of relentless forethought on its work and values, the Global Tourism Council (GTC) is finally launched and comes into force effective 9th December, 2016. The core team
Air India to looks to earn by repairing SpiceJet aircraft
This comes as a result of an MoU signed between the national carrier and SpiceJet in August last year. Air India will be receiving its third-party order to conduct a
TAT announces its plans to bring in the 37th edition of ‘Thailand Tourism Festival 2017’
The Tourism Authority of Thailand (TAT) announces the 37th edition of Thailand’s largest domestic tourism fair- the Thailand Tourism Festival (TTF), which will be held at Bangkok’s Lumpini Park. TTF
