Thursday, June 29, 2017

Waive Air India's debt, instead of selling it: Workers' union

New Delhi: An employees' union of Air India today met NITI Aayog chairman Arvind Panagriya and demanded that the government waive the airline's debt, instead of selling it to a private player.

However, the move may have come a little too late as hours later the Union Cabinet gave its in-principle approval for the disinvestment of Air India.

NITI Aayog, the government think tank, had earlier proposed privatisation of Air India because of its debt of Rs 52,000 crore.

"We request you to waive Rs 30,000 crore and give opportunity to Air India management to keep flying the flag of national carrier," according to a letter the Air India Employees' Union submitted to Panagriya.

Expressing concerns about the uncertain fate of 25,000 employees of the airline, the union representatives have also demanded that if Air India is privatised, their salary dues should be cleared.
28/06/17 PTI/Economic Times

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