Saturday, May 30, 2020

Air India Revival Would Require Rs 50,000 crore, Unions Ask PM

A Joint Forum of Air India Unions on May 27 has urged the central government to grant a financial package of Rs 50,000 crore for Air India arguing that it will ensure the revival of the airlines. The demand comes at a time when the government seems to be going ahead with its plans for privatisation of the entity despite Air India’s crucial services during the COVID-19 pandemic.

In the last week of April, the government extended the last date for submission of expression of interests for bidders to June 30, for the proposed strategic disinvestment of Air India Ltd by way of the transfer of management control and sale of 100% equity share capital of the entity owned by the government. This includes Air India’s shareholding interest of 100% in Air India Express Limited and 50% in Air India SATS Airport Services Private Limited.

Addressing the letter to Prime Minister Narendra Modi, the joint forum of Air India Unions recalled the crucial role played by Air India in bringing back stranded Indians from across countries and its operation of chartered and cargo flights for the movement of medicines and medical equipment between India and other countries.
29/05/20 Prudhviraj Rupavath/News Click
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