Civil Aviation Minister Jyotiraditya Scindia has stated that the Air India transfer will be completed in the next 1 to 1.5 months.
Speaking at the Agenda Aaj Tak event in Delhi on Friday, Scindia conveyed, "Air India transfer will happen in a few weeks to one month, month and a half from now. Shareholders' agreement has been signed."
Scindia added that the government's decision to sell Air India to Tata Sons was a "significant and brave" one.
Defending the government's decision, Scindia said, "It is a win-win arrangement for all, the government, Tata and the public. Air India had a debt of Rs 60,000 crore."
"Now a company has taken over Air India that has sufficient cash reserve. This is good for Air India and the civil aviation sector both," Scindia said.
Amid growing concerns regarding the Omicron variant of the coronavirus, Scindia has stated that it is too early for the government to tell whether the country would see further restrictions on air travel in order to deal with the threat of the new variant.
Scindia conveyed, "It is difficult to say whether restrictions [on air travel] will increase or reduce in the days to come."
03/12/21 BusinessToday.in
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