1. Air India privatisation: Proposal put up before Narendra Modi cabinet, says report

Air India privatisation: Proposal put up before Narendra Modi cabinet, says report

Air India privatisation: In one of the biggest reform moves, the Prime Minister Narendra Modi-led government has cleared the disinvestment of the national carrier and sell it to a private player

By: | Updated: June 9, 2017 9:56 PM
air india privatisation, air india, air india sold, air india to e sold, air indian privatisation blueprint revealed, air india, ai private According to India Today, the Narendra Modi-led Central government had set a deadline of 1 year to sell Air India(Reuters)

Air India privatisation: In one of the biggest reform moves, the Prime Minister Narendra Modi-led government has cleared the disinvestment of the national carrier and sell it to a private player, according to India Today TV. Exactly how that will transpire has not been revealed. According to the report, the Narendra Modi-led Central government had set a deadline of 1 year to sell Air India. Jayant Sinha, the Minister of State for Civil Aviation, said that there was long way to go but the process had already started. According to the channel, the process will be set in motion ‘as quickly as possible’. The national carrier has a debt of Rs 52,000 crore. The Cabinet is to decide sale process, revealed India Today channel . The report also states that Air India has to borrow Rs 2,500 crores every year just to survive.

Just 2 days ago, Air India’s plans to expand fleet was shelved. This followed NITI Aayog’s proposal to the Prime Minister’s Office (PMO) on the total privatisation of the carrier. The carrier’s board of directors in March had approved proposal to induct 7 Boeing 787-9 aircraft in its fleet to provide better connection to passengers flying to Canada, the USA and Australia. Speaking at the time, an official had said, “The decision is on hold until there is a clarity on the airline’s future”. Meanwhile, KVJ Rao, General Secretary of the Air India Cabin Crew Association spoke to India Today and asked as to why the government was trying to privatise the Air India if the airlines had stabilised.

  1. C
    CitizenIndia
    Jun 10, 2017 at 8:45 am
    First sell ets of air India to reduce debt.
    Reply
    1. L
      l k
      Jun 9, 2017 at 11:48 pm
      He won't privatize it. Socialist Modi murdabad
      Reply
      1. V
        Vishwas Patil
        Jun 9, 2017 at 10:10 pm
        Air India privatization is going to be a big mess. Govt. should publicize market value of all its real estate properties - offices, staff quarters. Sharad Pawar alleged to have made a few thousand crores from forsaking its seat sharings and ordering 100 boeings by paying huge advance. Jadhav, the then MD gone scot free. Air India staff most inefficient and corrupt. God knows who will dare to buy it. If it is to be sold at heavy future tax reliefs or financial burden, better shut it down and sell its properties. Or it may turn out to be a big scam shaking Modi Govt just before the 2019 General Election.
        Reply
        1. S
          Sunil
          Jun 10, 2017 at 11:47 am
          The persons who looted and murdered Air India are roaming scot free and you are abusing the staff for it. Not fair Mr. Patil
          Reply
          1. rohan kumar
            Jun 12, 2017 at 12:19 am
            If staff was corrupt ,AI wouldnt have survived these many years, read how high AI's work atmosphere quality is rated before making such comments, remember it takes talent and merit to get a job at govt co but the ones who makes the final calls at top are ministers who are illiterate and corrupt , why do you public blame staff? did staff take decision to buy aircrafts or sell routes?
            Reply

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