Thursday, June 27, 2019

Government to go ahead with disinvestment of Air India: Hardeep Puri

New Delhi: Union Minister for Civil Aviation Hardeep Sigh Puri on Thursday said that the government has decided to go ahead with the disinvestment of public air carrier Air India.

In a series of tweets, Hardeep Puri said that the government decided to continue with the strategic disinvestment after Air India Specific Alternative Mechanism, set up by the Cabinet Committee on Economic Affairs to overview the disinvestment process, gave favourable recommendation.

"In a meeting on 28th June 2017, the Cabinet Committee on Economic Affairs had in-principle approved the consideration for strategic disinvestment of Air India & its five subsidiaries. An Air India Specific Alternative Mechanism (AISAM) was constituted by CCEA for this," the civil aviation minister said.

"In an AISAM Meeting held in March 2018, which is last year, it was decided that due to issues like volatile crude oil prices and adverse fluctuations in exchange rates, the atmosphere was not conducive for the disinvestment. But this was last year," Hardeep Puri said.
27/06/19 India Today
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