Air India needs to survive till it is sold, says airline CMD Lohani


Daijiworld Media Network - New Delhi (SHP)

New Delhi, Dec 15: On December 5, civil aviation minister Hardeep Singh Puri had told the Parliament that the preparation of preliminary information memorandum (PIM) for inviting expression of interest (EoI) for Air India disinvestment was in process.

While the process of disinvestment for the airline is 'in process', Air India chairman and managing director Ashwani Lohani has asserted that expecting a radical improvement in the airline bordering on financial recovery is an impractical thought 'in this environment of disinvestment'.

Lohani took to Facebook detailing his message which read, "Air India needs to survive till it is sold."

He said, "I wonder why is it so difficult for this appreciation to sink in and also that in this environment of disinvestment, expecting a radical improvement bordering on a turnaround is an impractical thought. That output can be given sans inputs is a grossly impractical thought."

For the FY 2018-2019, the airline posted a net loss of around Rs 8,556 crore.

"Air Indians are indeed putting in their best even at this critical juncture and that is very very appreciable," Lohani added.

According to the October data of aviation regulator DGCA, low-cost carrier IndiGo carried around 47 percent of domestic passenger traffic. SpiceJet and Air India were at number two and three with around 15 percent and 13 percent share, respectively.

  

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Title: Air India needs to survive till it is sold, says airline CMD Lohani



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