Thursday, September 06, 2018

Don’t sell Air India, give it another chance: House panel

New Delhi: Write off Air India’s massive debts and give it five more years to revive itself, a parliamentary panel has recommended.

Recalling the role played by the airline during natural calamities and in evacuating Indians from war zones, the parliamentary standing committee on transport, tourism and culture said it would be lopsided to assess and evaluate functioning of AI solely from business point of view as has been done by the Niti Aayog.
AI has been unable to service its aircraft purchase and working loan of over Rs 50,000 crore. NDA members of the committee, who had stalled the draft report that recommended “against disinvestment” of AI at its meeting January 2018, now have to approve the report suggesting that the airline should not be disinvested now.
06/09/18 Mohua Chatterjee/Saurabh Sinha/Times of India
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