Civil aviation ministry may kick-start the process of finally privatising the ailing Air India. That's the word coming in from Ajit Singh. Speaking exclusively to CNBC-TV18's Shereen Bhan, Singh said there was a strong case for the national carrier to take the privatisation route with an equity infusion from either foreign or domestic partners. Importantly, he revealed that Air India employees were also backing the government on this move. But on the issue of airport privatisation Singh said that though the process would start in the coming weeks it would however not be completed under the term of this UPA-II government.
Singh also said that he expects Air Asia to get all necessary approvals by the end of February. He brushed aside concerns that the Directorate General of Civil Aviation (DGCA)'s decision to ask for public comments on Air Asia's proposal was a delaying tactic, saying the regulator was going by the rules, and that this would put a stop to unnecessary litigation.
Read news in full 16/01/14 moneycontrol.com
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