- Government said, Air India will either be sold or closed
- Civil Aviation Minister Hardeep Singh Puri said this in Rajya Sabha
- Air India has a huge debt of 60 thousand crores.
The government on Tuesday said clearly that debt-ridden government airlines Air India will either be sold or closed. Apart from this there is no choice. Civil Aviation Minister Hardeep Singh Puri said this in the Rajya Sabha. Before the passage of the Aircraft Amendment Bill, 2020, he said about the privatization of Air India that if the government could help it, it would continue to operate. But the company has a debt of 60 thousand crore rupees and the government has no option but to hand it over or close it.
He said, “We are confident that Air India will be assigned to the new owner so that its flight can continue.” Earlier on Monday, Bloomberg quoted sources as saying that the government was considering removing a condition to make the bid attractive to Air India. According to this, the new owner will get freedom from Aircraft Debt of $ 3.3 billion.
This stock rose 24 times in two years, but could not climb in the eyes of mutual funds
Cleaning on adani
Responding to the opposition’s allegations of selling the country’s airports to the Adani Group, Puri said that Mumbai and Delhi airports accounted for 33 per cent of the air traffic, while the 6 airports assigned to the Adani Group accounted for only 9 per cent of the total traffic. Is at stake. He said that Adani Group acquired the rights to operate these airports in the auction.