Air India to be privatized ? Know the details

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New Delhi, 27/3 (AO Bureau): The government’s stance on the state airline Air India is now clear. Union Minister Hardeep Singh Puri said on Saturday that now Air India will be completely disinvested or will be closed. Hardeep Singh Puri said that financial bids will be called for the disinvestment of Air India soon. Puri said that now the government has only two options – either to privatize Air India or to close it. Let us know that for a long time, the government airline company has been facing a financial crisis.

The company has an outstanding debt of Rs 60,000 crore
The government will sell its entire 100 percent stake in Air India. The Union Minister said in his statement that we have decided that there will be 100% disinvestment of Air India. There is no choice between disinvestment and non-disinvestment. However, Air India is now making money, but now we are incurring a loss of 20 crores per day. So far, the outstanding debt of 60,000 crore rupees has been incurred on the company. Let us know that Air India has been incurring losses since its merger with Indian Airlines in 2007.

Puri asking for the money from Finance Minister for Air India, I say that I do not have enough capacity to repeatedly go to Nirmala Sitharaman and ask me to give me some more money. In the past, the efforts of privatization of Air India could not succeed, why they were not done whole heartedly. He also said that the domestic airline sector is now recovering from the effects of the Coronavirus epidemic.

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