No disinvestment in Air India: MinisterOctober 20th, 2011 - 6:18 pm ICT by IANS
New Delhi, Oct 20 (IANS) Civil Aviation Minister Vayalar Ravi Thursday said the government was not considering selling its stake in the national carrier Air India.
“There is no such plan for disinvestment or for having an IPO (initial public offering) of Air India,” Vayalar Ravi told reporters on the sidelines of an industry event here.
“My first priority as a civil aviation minister is to bring Air India in no-profit, no-loss (situation),” he said.
The minister added that the group of ministers (GoM) led by Finance Minister Pranab Mukherjee, looking into the financial restructuring and turnaround plan of the airline, would meet Oct 27 to monitor the carrier’s performance.
The minister added that the government was contemplating a separate agency for overseeing air traffic control (ATC) in the country.
“Government is contemplating delinking of ATC operations from airport operations,” he said.
Currently, Communication Navigation and Surveillance (CNS) and ATC services come under the ambit of the Airports Authority of India (AAI).
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- Ministerial panel on Air India to meet next week: Ravi - Jul 18, 2011
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- Air India restructure plan in three months: Ravi - Aug 12, 2011
- Air India's fuel credit limit extended: Ravi - Aug 18, 2011
- Air India to get Rs.4,000 crore budget support for 2012-13 - Mar 16, 2012
- PM assures parliament on Air India salaries (Second Lead) - Aug 03, 2011
- Air India board approves issue of preferential shares to lenders - Dec 29, 2011
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