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
Tigerair joins hands with ICICI Bank to offer complimentary ticket to Singapore
Offer valid exclusively for ICICI Bank Credit, Debit and Prepaid card holders All-inclusive roundtrip fare to Singapore starts from just INR 6,999 Tigerair, the leading Singapore-based budget carrier, plays Santa
Finnair signs up for Travelport Rich Content distribution
Travelport has announced a new full content agreement with Finnair, Finland’s largest airline and a member of the oneworld alliance. As part of the agreement, Finnair has also chosen to
Japan pips China in race to build India’s first bullet train
China today played down Japan winning the contract to build India’s first bullet train project. China today played down arch rival Japan winning the contract to build India’s first bullet
