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
Argentina unfurl its tourism in Spain
For more than five days, the Ministry of Tourism of the Nation will participate in one of the most important world fairs in the sector, showing the natural attractions and
Mandarin Oriental, Hong Kong presents exclusive package for Art Lovers
“Warhol in China” – Landmark Photography Exhibition Showcased at Mandarin Oriental, Hong Kong! Mandarin Oriental, Hong Kong will celebrate the season for art with the Warhol Art Package featuring the
India’s biggest Pan-Asian Food Fest is back
The Asian Hawkers Market (AHM) is back for its fifth season on what promises to be an action-packed pre-Diwali weekend (October 13-15, 2017) at Select Citywalk, Saket. There’s never an
