TIWN
New Delhi, Feb 18 (TIWN) Civil Aviation Minister Hardeep Singh Puri on Monday expressed confidence that this time around, there will be no problem in Air India's divestment.
He said the government wants Air India to keep flying as a brand for years to come. The minister also assured the employees at Air India that their requirements would be foremost in the airline and factored in whatever arrangement is decided with the successor. In the Preliminary Information Memorandum issued a few weeks ago for Air India's stake sale, the government had stated that the brand name would have to kept as it is by the future owner.
"The strongest support that you have on your future comes from the government. We not only want to keep Air India flying as a brand but we want to ensure that continued operation will end the uncertainty of last many years," Puri said at an event here. The fact that Air India has been facing financial challenges is not something that is unknown, he added. "I don't think anyone can run an airline without the people that actually make it," Puri said.
"Somebody asks what will happen to the staff. The staff will be required by whoever will be the new entity managing or owning it. There has been no recruitment for how many years. There is no surplus staff," he said. "Don't ever be under the impression that this time around, there will be any problems (in disinvestment). There will not be. The amount of interest I am seeing in the acquisition and the quarters from where I am seeing it, I am reassured," he added.
- IMF expects India to rev up global growth as China falters, backs Modi government's economic policies
- realme set to shake up market: Launching fastest entry-level 5G smartphone 'C65' under Rs 10k
- India's industrial production accelerates to 5.7pc in Feb
- India records 17 pc jump to become 4th largest exporter of digital services: WTO report
- 300 pc rise in market cap to Rs 400 lakh crore in last 10 years driven by strong economic fundamentals