Sunday, December 10, 2017

Choose right privatisation process for Air India: IATA chief

Geneva: Right privatisation process should be chosen for Air India to make it more competitive, IATA chief Alexandre de Juniac said as he asserted that there is no need for the government to own stake in the carrier.

Supporting the decision to sell stake in the debt-laden airline, he said the government has to find "competitive conditions to give Air India the right weapons to compete against others".

Air India is a member of the International Air Transport Association (IATA), a grouping of more than 275 airlines worldwide.

"We support privatisation of Air India ... then the company has to be privatised in revised conditions to be able to compete effectively," de Juniac told PTI in an interview here.
10/12/17 PTI/Economic Times