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
Food & Hotel India brainstorms ongoing sectoral challenges later today
As the agony deepens amidst the continuing havoc that Covid-19 has unleashed, India’s premium food and hospitality show, Food & Hotel India (FHIN), organised by Informa Markets in India, brings forth an
Ethiopian to augment flight frequency to Guangzhou
Ethiopian Airlines, the fastest growing and most profitable African airline, is pleased to announce that it will add a thrice weekly service, on top of its daily flights, to Guangzhou
Holiday Tribe raises INR 5.4 crores from Powerhouse Ventures and GSF
The travel-tech firm aims to strengthen technology integration with this seed funding Travel-tech startup Holiday Tribe has raised INR 5.4 Cr in seed funding. The investment round was led by
