Wednesday, October 10, 2018

Financial package for Air India likely by this month: Choubey

Hyderabad: Union Civil Aviation Secretary Rajiv Nayan Choubey said the Government is considering various measures to help airlines bring down their cost of operations while also finalising plans for a package for ailing national carrier Air India.

“We have been watching the developments closely. The last two quarters have been tough for them and they have taken a hit in the recent times,” he said without going into details as to what could be offered.

Responding to queries on the sector after inaugurating the Interim International Departure Terminal at the GMR Rajiv Gandhi International Airport at Shamshabad, the Secretary said: “Financial health of airlines in general has not been good in the last two quarters because of the oil price rise and increased lease rentals due to rupee-dollar exchange rate fluctuations. We are looking at ways to support the airlines and our intention is to bring down the costs and provide relief.”

While affirming the Centre’s support to Air India and commitment to its disinvestment, he said the latter has been kept on the backburner till the macroeconomic conditions improve.
10/10/18 Business Line
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