Saturday, October 19, 2019

Civil aviation secretary chairs review meeting of Air India

New Delhi/Mumbai: Civil Aviation Secretary Pradeep Singh Kharola took a review meeting of Air India on Friday amid the government preparing for disinvestment of the debt-laden flag carrier. The meeting comes ahead of the airline's board meet, which scheduled to be held on October 22 for clearing the consolidated account statement for the fiscal ended March 2019. 
During the two-and-a-half hour meeting at the Rajiv Gandhi Bhavan in New Delhi, which houses the civil aviation ministry, the secretary took stock of the situation at the flag carrier, including accounts of the group company and its subsidiaries as well as employee related matters, said a source.
 Last Monday, Air India management held a meeting with its trade unions on the proposed privatisation of the loss-making carrier. A majority of its unions are opposed to the move, fearing job losses. The government is preparing to divest its stake in Air India and the final contours are expected to be finalised in the coming days. The airline has a debt burden of more than Rs 58,000 crore.
18/10/19 PTI/Economic Times
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