Friday, June 30, 2017

Disinvestment of Air India at this time will be a suicide: Aviation expert

New Delhi: Aviation expert Subhash Goel on Thursday said disinvestment of Air India at this time would be a suicide.

"Air India is always used for tourism and for evacuation in crisis times.It is a weapon which should be sharpened. A lot of improvements can be done with the Air India and its assets. Till the Air India is put of debt trap there is no use in disinvesting," Goel told ANI

He further said the Air India should be pulled out of the debt trap first then disinvestment should be done.

"Revaluation of the assets of Air India should be done so that it can be sold out in a healthy position which will give us more profit. Anything be it disinvestment, or stock exchange should be done only after turning it around. The brand value of Maharaja is such that to cash it we have to pull it out of debt trap otherwise it will be sold at soil prices," he added.

The Union Cabinet yesterday gave an in-principle approval for disinvestment of the Air India.
29/06/17 ABP Live