New Delhi: Privatization of debt-laden Air India is not on the priority
item list of the aviation ministry. Prime Minister Narendra Modi will be
given a presentation on aviation sector by aviation secretary Ashok
Lavasa on Saturday. Instead of suggesting privatization of AI, the
ministry will propose nursing the airline back to health before taking
any such step.
"The agenda for AI is to restore its health. Privatization is not a priority, putting AI back on the right track is. Once that happens, other things can take place," said a source. It is learnt that aviation minister P Ashok Gajapatji Raju feels there is room for substantial improvement in the airline.
Apart from AI, other issues that will be highlighted in the presentation include improving aerial connectivity to small towns and building low-cost airports for that. AI's revival will not come cheap. The airline is seeking Rs 8,000 crore this fiscal - Rs 5,500 crore for this financial year and Rs 2,500 crore under other heads like shortfall in committed equity infusion last financial year.
Read news in full 21/06/14 Saurabh Sinha/Times of India
"The agenda for AI is to restore its health. Privatization is not a priority, putting AI back on the right track is. Once that happens, other things can take place," said a source. It is learnt that aviation minister P Ashok Gajapatji Raju feels there is room for substantial improvement in the airline.
Apart from AI, other issues that will be highlighted in the presentation include improving aerial connectivity to small towns and building low-cost airports for that. AI's revival will not come cheap. The airline is seeking Rs 8,000 crore this fiscal - Rs 5,500 crore for this financial year and Rs 2,500 crore under other heads like shortfall in committed equity infusion last financial year.
Read news in full 21/06/14 Saurabh Sinha/Times of India
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