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
RUNNING ON THE DEAD SEA – DEAD SEA LAND MARATHON
The 2023 marathon season is upon us and with it the registration for the Dead Sea Marathon runners is in full swing. The marathon at the lowest place in the
Air India launches Delhi-Vienna flights
New European route to operate three times a week The service will now operate three times a week using a two-class Boeing B787 Dreamliner aircraft. Flight AI153 leaves Delhi’s Indira
Sabre expands development centre in India
Sabre expands development centre in India to accelerate product innovation, development and global operations Employee base doubles and still growing! Sabre Corporation (NASDAQ: SABR), a leading technology provider to the
