New Delhi: The civil aviation ministry made it clear on Wednesday that there was no question of closing Air India, a position reiterated by top executives of the airline. AI's performance and government stand on the future of the airline came in the spotlight when, on Tuesday, Minister of Heavy Industries Anant Geete said in a written reply to the Lok Sabha that it was among the many state companies "termed as a sick public sector unit".
It raised questions as to whether the government was planning to close such sick PSUs.
Minister of State for Civil Aviation Mahesh Sharma on Wednesday said it was important to have a flag carrier in the country. Sharma said that the government was committed to pumping in the allocated funds in Air India as part of its turnaround and financial restructuring plan, approved by the then UPA dispensation in 2012.
A top AI executive said: "This is misrepresentation of the statement and there is no truth in any move of closure. We already have a restructuring plan which is being implemented." A ministry official said: "There is no question of closing down AI."
12/03/15 Business Standard
It raised questions as to whether the government was planning to close such sick PSUs.
Minister of State for Civil Aviation Mahesh Sharma on Wednesday said it was important to have a flag carrier in the country. Sharma said that the government was committed to pumping in the allocated funds in Air India as part of its turnaround and financial restructuring plan, approved by the then UPA dispensation in 2012.
A top AI executive said: "This is misrepresentation of the statement and there is no truth in any move of closure. We already have a restructuring plan which is being implemented." A ministry official said: "There is no question of closing down AI."
12/03/15 Business Standard
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