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
Lufthansa carried out repatriation flights
On 25th March 2020, a Lufthansa A380 aircraft departed at 12:45 pm CET as repatriation flight LH9912 from Frankfurt to Delhi. It arrived at around midnight at Indira Gandhi Airport in Delhi. The
A Peek Inside the World of Destination Marketing: A Guide to the Roles and Responsibilities of DMOs
Strategies Words by Prem Kumar Unarguably, a tourism economy thrives on visitor arrivals. In order to enhance their appeal among visitors and attract them in large number, destinations market and
Manila set to host 35th Asean Tourism Forum
Host city Manila – the country’s capital of fun and gateway to the rest of the Philippines – is all set to welcome some 1,600 international delegates In January 2016,
