Thursday, August 24, 2017

Air India's debt trap is a hindrance to serious buyers: Gajapathi Raju

In a chat with ET Now, Gajapathi Raju, Aviation Minister gave his views on the recent judgement by the Supreme Court on the Right to Privacy and finding buyers for Air India. Edited excerpts:

What will be the main focus and main focus as in the areas if you talk about some areas like north eastern regions will be in focus, so how will you make sure that the regional connectivity scheme those areas?

We have given a priority area for helicopter thing because we believe that that area requires the attention so I guess that will happen that there will be more similarities. So the similarities will be also important because connectivity is a continuous process and it has to be taken forward.

What kind of timeline do we look at if you look at the second round of the bidding?

I think by November it will start getting operationalised and thing like that, like September the first round will get over fully. We will understand whether we have performed 100% or not and the second round will start so it is good.

Talking about Air India’s disinvestment, what are the key new developments in that process and how far has the government reached and who all are the interested buyers in Air India’s disinvestment?

These are questions that we would not have immediate answers. A lot of inquiry is going on and the process has started, the alternative mechanism has started working. Let us see where it takes us.
24/08/17 ET Now/Economic Times