New Delhi, Dec 31 (SocialNews.XYZ) The Centre is in a serious process of divestment and will soon come out with the expression of interest (EoI) documents for privatising the national carrier Air India and chopper-operator Pawan Hans.
Civil Aviation Minister Hardeep Singh Puri on Tuesday said that Air India's EoI is likely to be issued within the next few weeks, whereas the revised EOI for the chopper-operator is expected within days.
The minister was speaking at a media interaction in the national capital.
The Minister said Air India has accumulated unsustainable debt levels over the years, however, the asset quality has generated interest from private entities and established airlines.
He said the national carrier was making a loss of Rs 20-26 crore per day.
Currently, Home Minister Amit Shah heads the panel looking after the divestment process.
Other members of the panel include Finance Minister Nirmala Sitharaman, Commerce and Railway Minister Piyush Goyal and Civil Aviation Minister Hardeep Singh Puri.
In the previous Modi government, then Finance Minister Arun Jaitley headed the ministerial panel, called Air India Specific Alternative Mechanism (AISAM).
After failing to find a bidder in its previous term, the government is now working on a war-footing to sell Air India to a private player.
Air India has a total debt of about Rs 58,000 crore.
Source: IANS
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz
This website uses cookies.
