New Delhi: Taking a tough stance, new Civil Aviation Minister Ajit Singh has asked state-owned Air India to pull up its socks as government “cannot keep on pouring money”. Singh ruled out any bailout for private carriers.
“Government is not in a position and will not bail out any private airlines. Air India is a public sector unit, so government has an obligation. But Air India will have to become competitive and restructure their costs... as the government cannot keep on pouring money,” Singh said at sidelines of foundations stone laying ceremony of a new ATC tower at the Delhi airport.
Referring to the airline’s debt restructuring plan by SBI Caps, which had “some hitch”, Singh said they would be resolved jointly by Civil Aviation Secretary and the Finance Secretary.
12/01/12 Indian Express
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