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
Amadeus South Asia and Yatra strengthen digital travel ecosystem through Travel Marketplace partnership
Yatra Online Limited, India’s largest corporate travel services provider and one of India’s leading online travel companies, today announced its partnership with Amadeus South Asia for its AI-Powered Travel Marketplace,
Enchanting Orchha-wonder
By Suman Bajpai Arriving by train from Delhi to Jhansi and then by cab to Orchha, to attend the grand ‘Namaste Orchha’, a new annual cultural festival organised by Madhya
Roseate Hotels and Resorts bags award at ITB Berlin
Roseate Hotels and Resorts has been honored with the prestigious PATWA International award for ‘Best New Boutique Hotel Chain’ at ITB Berlin on March 8, 2018. The award was received
