Civil Aviation Minister Hardeep Singh Puri, addressing the media on Monday, described the current situation of the national carrier as “very fragile”. The government had earlier released the preliminary information memorandum (PIM) for seeking expression of interest for strategic disinvestment of Air India. Mr Puri added that Air India is under a debt trap due to accumulated debt of around Rs 60,000 crore.After failing to sell majority stake in Air India in 2018, the government has worked on critical areas this time around to make the disinvestment bid more attractive to the prospective bidder, Mr Puri said.
Related Posts
Sany India’s measures to help its 35 dealers
- editor
- November 22, 2020
- 0
Sany India, a leading manufacturer of construction equipment & heavy machinery, has set a new example. The company has taken a slew of measures to […]
Chairman of NDDB elected to Board of IDB
- editor
- November 4, 2020
- 0
Shri Dilip Rath, Chairman, National Dairy Development Board (NDDB) has been unanimously elected to the Board of International Dairy Federation (IDF) on 2 November during […]
4-hr shutdown in Moreh to protest against blast
- editor
- March 1, 2021
- 0
A 24-hour total shutdown imposed by civil societies in protest against the blast hit normal life in Moreh, Manipur on Sunday. A hand grenade suspected […]