 "Govt has shelved Air India's disinvestment, working on its revival: Sinha")
The Minister of State for Civil Aviation, Jayant Sinha on Tuesday said that the government's disinvestment plan in Air India has been put aside for time being as it is working on the revival of the debt-ridden enterprise.
The strategic sale of the airline has been put on hold in the backdrop of Industry condition.
"The government will consider all option only after the industry condition changes", said Sinha.
Earlier, the Union government reportedly planned to initiate the strategic sale of the four subsidiaries of the airlines. The debt burden carrier has Rs 480 billion as debt by the end of March last year.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app