The Government on Wednesday ruled out disinvestment of Air India in the "immediate near future," though it said it remains committed to completing the process.
With Air India disinvestment failing to take off, global airlines' grouping IATA has said that a carrier has to be "nimble and flexible" even as he wondered how much leeway an investor would have in managing a government-owned airline.
A major mishap was averted today after an Air India Express aircraft overshot the runway while landing at the Mumbai airport amid heavy rains.
After having failed to take the disinvestment plan of Air India ahead, the Centre is now mulling to infuse fresh capital into the ailing airlines, said an official in the Ministry of Civil Aviation.
Senior Air India official Amrita Sharan has been given the additional charge of Director Personnel, according to an official communication.
The government is giving a new thrust to strengthen Air India's management practices and operational efficiencies while the disinvestment plan would depend on various circumstances, Piyush Goyal said.
The government is committed to the strategic disinvestment of Air India, Union Minister Jayant Sinha said.
Arun Jaitley along with senior ministerial colleagues and officials discussed the future course of action for Air India, weeks after its strategic disinvestment proposal failed to attract any bidders.
KVIC today said it has bagged a third successive order from Air India for supply of 1.85 lakh units of 'khadi' amenity kits.
The government is considering listing of debt-laden Air India after the proposal for 76 per cent strategic stake sale failed to attract any bidders, a source said.