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Why sell Air India, wonders Swamy

Press Trust of India  |  Mumbai 

MP Subramanian Swamy today questioned the proposed move to disinvest Air India, wondering why the airline need to be sold as its flights are occupied.

"In I travelled both ways by Every seat in all three classes was occupied. So why sell it? If we can run ISRO why not AI?," Swamy said in a tweet.



The remarks from Swamy, who is known for taking contrarian views on many issues, come against the backdrop of Minister recently saying that the Civil Aviation Ministry has to explore all possibilities "as to how the privatisation of can be done".

Air India, which has more than Rs 52,000 crore debt burden, is surviving on a Rs 30,000 crore bailout package extended by the previous in 2012.

think tank NITI Aayog has recommended to the Prime Minister's Office a "complete" privatisation of the airline.

According to the Civil Aviation Ministry, all options would be explored to revive the loss-making

However, senior officials say that airline has enough assets to back its debt and the should not go for a "distress" sale or handover the airline to a private player on a platter.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Why sell Air India, wonders Swamy

BJP Rajya Sabha MP Subramanian Swamy today questioned the proposed move to disinvest Air India, wondering why the airline need to be sold as its flights are occupied. "In Delhi. I travelled both ways by Air India. Every seat in all three classes was occupied. So why sell it? If we can run ISRO why not AI?," Swamy said in a tweet. The remarks from Swamy, who is known for taking contrarian views on many issues, come against the backdrop of Finance Minister Arun Jaitley recently saying that the Civil Aviation Ministry has to explore all possibilities "as to how the privatisation of Air India can be done". Air India, which has more than Rs 52,000 crore debt burden, is surviving on a Rs 30,000 crore bailout package extended by the previous UPA government in 2012. Government think tank NITI Aayog has recommended to the Prime Minister's Office a "complete" privatisation of the airline. According to the Civil Aviation Ministry, all options would be explored to revive the ... MP Subramanian Swamy today questioned the proposed move to disinvest Air India, wondering why the airline need to be sold as its flights are occupied.

"In I travelled both ways by Every seat in all three classes was occupied. So why sell it? If we can run ISRO why not AI?," Swamy said in a tweet.

The remarks from Swamy, who is known for taking contrarian views on many issues, come against the backdrop of Minister recently saying that the Civil Aviation Ministry has to explore all possibilities "as to how the privatisation of can be done".

Air India, which has more than Rs 52,000 crore debt burden, is surviving on a Rs 30,000 crore bailout package extended by the previous in 2012.

think tank NITI Aayog has recommended to the Prime Minister's Office a "complete" privatisation of the airline.

According to the Civil Aviation Ministry, all options would be explored to revive the loss-making

However, senior officials say that airline has enough assets to back its debt and the should not go for a "distress" sale or handover the airline to a private player on a platter.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Why sell Air India, wonders Swamy

MP Subramanian Swamy today questioned the proposed move to disinvest Air India, wondering why the airline need to be sold as its flights are occupied.

"In I travelled both ways by Every seat in all three classes was occupied. So why sell it? If we can run ISRO why not AI?," Swamy said in a tweet.

The remarks from Swamy, who is known for taking contrarian views on many issues, come against the backdrop of Minister recently saying that the Civil Aviation Ministry has to explore all possibilities "as to how the privatisation of can be done".

Air India, which has more than Rs 52,000 crore debt burden, is surviving on a Rs 30,000 crore bailout package extended by the previous in 2012.

think tank NITI Aayog has recommended to the Prime Minister's Office a "complete" privatisation of the airline.

According to the Civil Aviation Ministry, all options would be explored to revive the loss-making

However, senior officials say that airline has enough assets to back its debt and the should not go for a "distress" sale or handover the airline to a private player on a platter.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22