Aviation Ministry reviews progress on Air India sale


New Delhi, Oct 18 (IANS): Moving fast on the proposed sale of Air India, the parent Civil Aviation Ministry on Friday reviewed the progress made by the airline on various aspects related to its strategic disinvestment.

Aviation Secretary Pradeep Singh Kharola chaired the meeting and directed Air India officials to complete the unfinished tasks related to financials and employees.

Among the financial issues on the agenda of the meeting was preparation of business plan and transferring of debt to the SPV.

"The meeting touched upon various issues but no decision was taken," said an official source.

Employee-related issues such as gratuity and leave encashment, free passage and treatment of employees on inter-entity deputation within the Air India group figured among key discussion points.

After it failed to privatise the national carrier last year, the Modi government has made the disinvestment a priority now and plans to complete the task by the end of this financial year.

Surviving on Rs 30,000 crore bail-out package cleared during UPA-II government in 2012, the airline is facing a tough financial challenge again.

 

  

Top Stories

Comment on this article

  • Howdy, Mangalore

    Fri, Oct 18 2019

    BJP wants only its chosen 15-20 industrialists to thrive and provide BJP hefty income who are very close and loyal to BJP without any connection to opposition so that opposition is pennyless. BJP is not bothered about others including comman man as they are liabilities to BJP. Modi has suggested them to do dairy business but without any customers with money.

    DisAgree Agree [12] Reply Report Abuse

  • Jossey Saldanha, Atlanta

    Fri, Oct 18 2019

    BSNL, MTNL, VSNL, HAL, HMT & now Air India ...

    DisAgree Agree [15] Reply Report Abuse


Leave a Comment

Title : Aviation Ministry reviews progress on Air India sale


 
 
 
 

 
You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.


Security Validation

Enter the characters in the image