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
International Expeditions offers India cruise-tour
International Expeditions has introduced a tour-and-cruise trip that includes India’s Brahmaputra River. The 12-day “India: Kaziranga & Brahmaputra River” will include a cruise on the 58-passenger Mahabaahu. Guests will sail
Bollywood actor Sidharth Malhotra recalls his New Zealand escapades to the Pune media
During his visit to Pune, Bollywood actor and Tourism New Zealand Brand Ambassador, Sidharth Malhotra shared memories from his second New Zealand journey. From thrilling Harley bike rides with cricketers
Mughalsarai railway station officially renamed Deen Dayal Uphadyay Junction
Mughalsarai Junction on Sunday was officially renamed as Deen Dayal Uphadyay Junction with BJP president Amit Shah, Railway Minister Piyush Goel and UP CM Yogi Adityanath flagging off a passenger
