You are here: Home » Economy & Policy » News
Business Standard

Air India sale: Govt to process NITI Aayog report on it, says Arun Jaitley

Sources say NITI recommended strategic disinvestment by transfer of control from govt to pvt owner

IANS  |  New Delhi 

Air India
Air India flight

The has given its recommendations on the government disinvesting stake in to the Ministry of Civil Aviation, which will take a decision on the matter, Union Finance Minister said on Thursday.

"The has given its recommendations to the Civil Aviation Ministry, which will decide on the process of in Air India," Jaitley said in response to a query on the issue at a briefing in New Delhi on the three years of the National Democratic Alliance (NDA) government.

According to sources, the in a recent report has recommended strategic from the loss-making Air India, by which government control would be transferred to a private owner.

officials said the national carrier has an accumulated debt of around Rs 60,000 crore, which includes around Rs 21,000 crore of aircraft-related loans and around Rs 8,000 crore working capital.

First Published: Thu, June 01 2017. 13:49 IST
RECOMMENDED FOR YOU