Government is committed to Air India’s strategic disinvestment: Union minister

Air India

New Delhi, June 20: Union Minister of State for Civil Aviation Jayant Sinha on Wednesday said that the central government is committed to he strategic disinvestment of national carrier Air India. 

Speaking to media, he also informed that a team headed by Finance Minister Arun Jaitley was reviewing the airline’s financial and liquidity requirements.

“We are committed to supporting and strengthening Air India whatever its financial and liquidity requirements we’ll continue to support it like in the past.

The minister said a team headed by Finance Minister Arun Jaitley was reviewing the airline’s financial and liquidity requirements.

Alternate mechanism headed by Arun Jaitley is reviewing the situation&as required will take the appropriate decision ” News agency ANI quoted Sinha as saying.

The development comes after no bids were received for the Expression of Interest (EOI).

The BJP-led government, which had approved strategic disinvestment for the state-run carrier in last June, had on May 31 this year said no initial bids were received for the proposed stake sale.

WeForNews 

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