The RSS-affiliated Swadeshi Jagran Manch, which has expressed reservation on Air India's disinvestment, will present a report to Civil Aviation Minister Suresh Prabhu this month suggesting "alternative ways" to revive the national carrier. Prabhu recently met SJM co-convener Ashwani Mahajan to discuss the stake sale in the national carrier, sources said.
"A five-member team led by Mahajan is preparing a report, which will suggest alternative ways to revive Air India and will present its report to the civil aviation minister this month," a source said.
The report will be considered before taking any call on Air India's disinvestment, the same source added.
When contacted, Mahajan confirmed that he and four other economists are preparing the "report" on Air India.
SJM has previously suggested that the government monetise Air India's assets to repay debt, rather than selling its stake.
Mahajan said Air India has operating profits, but is running into losses due to its debts. "So, rather than selling stake in the national carrier, the government can reduce its debt by selling off its land," he told PTI.
06/05/18 PTI/moneycontrol.com
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"A five-member team led by Mahajan is preparing a report, which will suggest alternative ways to revive Air India and will present its report to the civil aviation minister this month," a source said.
The report will be considered before taking any call on Air India's disinvestment, the same source added.
When contacted, Mahajan confirmed that he and four other economists are preparing the "report" on Air India.
SJM has previously suggested that the government monetise Air India's assets to repay debt, rather than selling its stake.
Mahajan said Air India has operating profits, but is running into losses due to its debts. "So, rather than selling stake in the national carrier, the government can reduce its debt by selling off its land," he told PTI.
06/05/18 PTI/moneycontrol.com
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