Not In Town | @notintownlive | 30 Aug 2019, 03:03 pm
New Delhi: The Indian government is planning to divest loss-laden carrier Air India completely after a plan to sell 76 per cent stake failed last year, media reports said.
"I believe the government should not be in the business of running airlines… and believe the government should completely exit Air India," said Aviation Minister Hardeep Singh Puri as quoted by Economic Times.
Puri added as quoted by the media, "There are many who are very interested in the airline and the one who gets the airline will be very fortunate."
After the government took over Rs. 29,000 crore off its book, Air India has a debt of Rs. 31,000 crore.
Puri also said a panel headed by Union Home Minister Amit Shah will take a final call soon.
- Etihad Airways and Azul Brazilian Airlines announce frequent flyer partnership
- Emirates to launch upgraded Boeing 777 to Madrid from September 16
- Air India to launch direct flights from Delhi to Philippines starting Oct 2025
- Air India, Icelandair codeshare deal boosts India-Europe connectivity
- Air India Express launches 'flash sale' on domestic and international till May 25
- Air India Express welcomes 100th aircraft, doubles fleet in just two years
- Tata Group-owned Air India Express welcomes 100th aircraft, doubles fleet in just two years
- IndiGo connects Bengaluru to Ayodhya with daily-direct flights
- Jazeera Airways offers 50% discount on flight tickets
- Air India Express launches ‘Time to Travel’ Sale with fares starting ₹1,177
Etihad Airways and Azul Brazilian Airlines have signed a frequent flyer partnership, allowing members of Etihad Guest and Azul Fidelidade programme to earn and redeem loyalty points across both airlines.
Emirates will deploy its newly refurbished Boeing 777 aircraft to and from Madrid starting from September 16, offering passengers a better travel experience with revamped interiors and premium features in all cabins.
Gurugram: India's flagship carrier, Air India, announced the launch of direct flights between Delhi and Manila, the capital city of the Philippines, starting 1 Oct 2025.