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
IATO debates on ‘Marketing – stop serving old wine in a new bottle.’
IATO debates ‘Marketing – stop serving old wine in a new bottle.’ Penalists moderated by Rajeev Kohli exchange experiences and innovative marketing ideas. Marketing remains a big challenges for Indian Tourism.
Twitter buzzing with Cox & Kings’ #GetawayGoddess
Cox & Kings Ltd, the leading holidays and education travel group with operations in 22 countries across continents has got the twitter buzzing among the twitteratis with its newly launched
Leisure Hotels Group expands its footprints in Ayodhya with Bedzzz, a Sociotel
Redefining Affordable Yet Experiential Stays Leisure Hotels Group (LHG), a leading experiential resort chain in North India and the largest across Uttarakhand, proudly announces the signing of Bedzzz, Ayodhya, bringing
