Dynamite News Union Civil Aviation Minister: Government is determined to privatise Air India
Union Civil Aviation Minister Hardeep Singh Puri on Thursday said that the government is determined to privatise Air India and people are interested in buying it.
New Delhi: Union Civil Aviation Minister Hardeep Singh Puri on Thursday said that the government is determined to privatise Air India and people are interested in buying it.
"The government's determination to privatise Air India is a given. We have to get the best possible deal and get it in the shortest time available. People are very much interested in acquiring Air India," said Puri.
Hardeep Puri, Union Civil Aviation Minister: Whoever acquires Air India will be very fortunate and will be able to run it according to strong private sector principles. https://t.co/2DbVSUaMOm
Also Read | Govt extends deadline to bid for Air India till Apr 30
— ANI (@ANI) August 29, 2019
"Procedure involved in the formation of an alternate mechanism, a Group of Ministers (GoM) headed by Union Home Minister Amit Shah has been formed. A meeting at Cabinet Secretariat level has also taken place," he added.
"Total privatisation will be done in the shortest possible time and with the best deal. People are keen on acquiring Air India because it is a first rate airline. Whoever acquires Air India will be very fortunate and will be able to run it according to strong private sector principles," said Puri.
Also Read |
Govt permits NRIs to own up to 100% stake in Air India
The Parliament on August 3 passed the Airports Economic Regulatory Authority of India (Amendment) Bill, 2019, that increases the threshold of annual passenger traffic for major airports to over 35 lakh with Civil Aviation stating that the government was committed to privatisation of Air India as its debt has become totally unsustainable.
The Bill, which seeks to amend the Airports Economic Regulatory Authority of India Act, 2008, had earlier been passed by Rajya Sabha. (ANI)