FM: Govt mulling exiting Air India : The Tribune India

Join Whatsapp Channel

FM: Govt mulling exiting Air India

NEW DELHI: Finance Minister Arun Jaitley on Saturday said the government was considering exiting Air India operations. National passenger carrier Air India currently has a market share of 14 per cent and a debt of Rs 50,000 crore.

FM: Govt mulling exiting Air India

Air India currently has a market share of 14 per cent. PTI file photo



New Delhi, May 27

Finance Minister Arun Jaitley on Saturday said the government was considering exiting Air India operations. “There are many private airlines like Jet Airways, IndiGo, GoAir. If 86 per cent of the aviation market can be handled by the private sector, then 100 per cent can also be handled by the private sector,” Jaitley told DD News.

(Follow The Tribune on Facebook; and Twitter @thetribunechd)

National passenger carrier Air India currently has a market share of 14 per cent and a debt of Rs 50,000 crore. 

“Its valuation of aircraft will be at Rs 20,000-25,000 crore. The civil aviation ministry is exploring all possibilities,” Jaitley said. — IANS

Top News

High alert across Uttar Pradesh after gangster-turned-politician Mukhtar Ansari's death

High alert across Uttar Pradesh after gangster-turned-politician Mukhtar Ansari's death

Umar Ansari alleged that his father was subjected to slow po...

Mukhtar Ansari was subjected to slow poisoning in jail: Son

Mukhtar Ansari was subjected to slow poisoning in jail: Son

Ansari's post-mortem to be conducted in UP by panel of five ...

Enforcement Directorate wants AAP's Lok Sabha poll strategy details from Arvind Kejriwal's phone: Atishi

Enforcement Directorate wants AAP's Lok Sabha poll strategy details from Arvind Kejriwal's phone: Atishi

Says actually it is the BJP and not the ED that wants to kno...

10 killed as SUV falls into gorge in J-K’s Ramban

10 killed as SUV falls into gorge in J-K’s Ramban

The vehicle, a Tavera, was on its way from Srinagar to Jammu


Cities

View All