​​​
  1. Air India privatisation: No decision yet on how much stake up for sale, says Ashok Gajapathi Raju

Air India privatisation: No decision yet on how much stake up for sale, says Ashok Gajapathi Raju

The government has not taken a final decision yet on how much stake in Air India it wants to sell, Minister of Civil Aviation Ashok Gajapathi Raju said.

By: | New Delhi | Published: February 21, 2018 4:13 PM
air india, air india privatisation, aviation sector, aviation industry, Ashok Gajapathi Raju, civil aviation ministers Ashok Gajapathi Raju Last year, the Union Cabinet approved privatisation of the debt-laden national carrier. (PTI)

The government has not taken a final decision yet on how much stake in Air India it wants to sell, Minister of Civil Aviation Ashok Gajapathi Raju said today.

Last year, the Union Cabinet approved privatisation of the debt-laden national carrier, which is staying afloat on taxpayers’ money. A group of ministers has been appointed to chalk out the strategy for Air India’s stake sale.

“There is no final decision that has taken place, there are lots of suggestion, there is lots of thinking. (Some suggest) why not have a share (in Air India) so that if market goes up you can recover (debt). I say you are welcome to suggest,” Raju said at a press interaction in response to a question on whether the government had decided on how much percentage it would like to disinvest in the Air India.

Earlier this month, Minister of State for Civil Aviation Jayant Sinha had said that more than 51 per cent of ownership of Air India will be transferred to the private sector.

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.

  1. No Comments.

Go to Top