Air India disinvestment: The ministry stated that it goals to enhance the airline’s operations as the federal government plans to go forward with Air India’s disinvestment course of
The Ministry of Civil Aviation stated on Tuesday that it might guarantee that Air India continues to function ‘uninterruptedly’. The ministry stated that it goals to enhance the airline’s operations as the federal government plans to go forward with Air India’s disinvestment course of.
“MoCA reiterates that the Government, while going ahead with the disinvestment, would ensure that Air India continues to operate uninterruptedly and improves its operations also. There is no cause for worry to any of its stakeholders,” stated the aviation ministry in a tweet.
MoCA reiterates that the Government, whereas going forward with the disinvestment, would ensure that @airindiain continues to function uninterruptedly and improves its operations additionally. There isn’t any trigger for fear to any of its stakeholders.
– Ministry of Civil Aviation (@MoCA_GoI) January 14, 2020
This assertion from the ministry comes amid stories of the airline shutting store if it fails to privatise. Air India chief Ashwani Lohani informed the ministry in December that the airline’s monetary scenario was ‘grossly untenable’ for sustaining operations. Lohani stated in January that the rumours in regards to the airline’s shutdown are all baseless.
Aviation minister Hardeep Singh Puri had additionally stated final 12 months that it might be troublesome to run the airline with out privatising it. “If we don’t privatise Air India, where will we get the money to operate it? Right now, Air India is a first class asset and we will get bidders if we sell it. And if we take ideological positions, then it will be difficult to run it,” he had stated. The minister had, nevertheless, additionally stated on the Parliament that the Air India pilots are very nicely taken care of and their salaries are excellent when in comparison with different airways.
Following Puri’s assertion on the Parliament, the Indian Commercial Pilots’ Association wrote to the minister asking him to clear the pending salaries of its workers and to allow them to give up with out serving the required discover interval.
Air India’s internet loss in 2018-19 was round Rs 8,556 crore. The airline’s present whole debt is round Rs 80,000 crore.
Also learn: Difficult to run Air India if we do not promote it: Aviation Minister HS Puri
Also learn: Air India pilots urge Aviation Minister to clear dues, allow them to give up with out serving discover