Air India’s domestic, global operations to be sold together, says Jayant Sinha

By: |
New Delhi | Published: December 1, 2017 7:09:21 PM

Union minister Jayant Sinha today said the domestic and international operations of Air India would be sold together.

Jayant Sinha, air india, Civil Aviation,  Minister of State for Civil Aviation, disinvestment process of air india, international operations of Air India“What we will be offering through the bidding process is the integrated airline (Air India), which means both domestic and international operations (together),” Sinha, the Minister of State for Civil Aviation, said here. (PTI)

Union minister Jayant Sinha today said the domestic and international operations of Air India would be sold together. The government has initiated the process for strategic disinvestment of debt-laden Air India as part of efforts to revive the national carrier. “What we will be offering through the bidding process is the integrated airline (Air India), which means both domestic and international operations (together),” Sinha, the Minister of State for Civil Aviation, said here. On the disinvestment process, he said the government is still in the process of identifying which subsidiaries of Air India should be offered separately. “Even if they are offered separately, if you want to bid for each one of them and re-integrate them, we are providing flexibility,” the minister said. Air India has a debt burden of more than Rs 50,000 crore.

More details are awaited.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Next Stories
1Xiaomi gives away Rs 500 crore gift to Mi phone users: How to avail offer benefit
2Facebook to review advertising policies for multicultural affinity groups
3Apple launches app to study and identify irregular heart rhythms