New Delhi: Government today ruled out disinvestment of Air India saying it is trying to bring the cash strapped national carrier to 'no-profit, no-loss' status.
"There is no plan of disinvestment in Air India or to bring an IPO in the near future by the government. As a Civil Aviation Minister my first priority is to bring Air India in no-profit no-loss," Civil Aviation Minister Vayalar Ravi said on the sidelines of a two-day international seminar.
The minister said that the Group of Ministers would meet soon to discuss the national carrier's health.
Addressing the seminar organised by the Air Traffic Control Guild here to mark the 100 year of Civil Aviation in India, Ravi said that government would soon look into the proposals and the recommendations of various committees and commissions for improving the work environment of ATC as per the International Civil Aviation Organisation standards.
He also assured that as per the ICAO recommendation, the government is planning to separate air traffic control from the Airports Authority of India (AAI).
20/10/11 PTI/Economic Times
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