Wednesday, June 07, 2017

Air India: Aviation Ministry in process of preparing Cabinet note

New Delhi: The Civil Aviation Ministry is in the process of preparing a Cabinet note to decide on the future course of action for loss-making Air India, including possible privatisation.

When asked about the ministry's view on the possible disinvestment of Air India, Minister of State for Civil Aviation Jayant Sinha today said, "We are in the process of preparing a Cabinet note".

The Cabinet would take it up for consideration very shortly and that would initiate the entire process, he said without providing any specific details on the future course for the airline.

Finance Minister Arun Jaitley has pitched for disinvestment of Air India and government think-tank NITI Aayog has also submitted its recommendations on making the carrier strong and viable.

Last week, Jaitley and his Civil Aviation counterpart Ashok Gajapathi Raju discussed the future course for debt- ridden Air India.

According to the Civil Aviation Ministry, all options are being considered for the national carrier.
06/07/17 PTI/Economic Times

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