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
RezLive.com Specialist
RezLive.com, which is an award winning global reservation system offering access to 250,000+ hotel and apartment rooms worldwide, more than 45,000+ sightseeing attractions and private transfer in over 900 cities
Frankfurt is the ideal destination for a sustainable stay and green mobility
Are you a fan of eco-travel and like to get around town on your own steam? Is climate-friendly accommodation is something you like to choose over lavish hotels? Then you’ve
ETIHAD AIRWAYS UNITES INNOVATION WITH HOLLYWOOD GLAMOUR FOR VIRTUAL REALITY MOVIE
etihad airways has released its highly anticipated 360-degree virtual reality film starring academy award winning actress Nicole Kidman. This marks the first time that a Hollywood actor has ever starred
