Air India disinvestment: Civil Aviation Minister Hardeep Singh Puri makes big statement
Union Civil Aviation Minister (MoCA) Hardeep Singh Puri said that Air India's disinvestment process is getting delayed due to the second wave of the COVID-19 pandemic. The minister also assured that the disinvestment process will be done this year.
Air India is getting disinvested. Due to the pandemic it will take some time. I want to assure you that it (AI disinvestment) will happen this year," the Union Minister told ANI.
The second wave of Kovid-19 may slow down the disinvestment process but he has assured that the disinvestment of Air India will be completed in 2021.
Earlier on March 27, 2021, Puri had said that Air India would be brought under a private company by the end of May or June.
"In a meeting, it was decided that the government will close the financial bids within 64 days," Puri told ANI.
Due to the ongoing COVID-19 pandemic, bidders are unable to travel for physical meetings and there is an important formality that needs to be done before AI can be privatized.
"Air India is still in debt to the tune of Rs 60,000 crore and is liable to be sold," the minister had earlier said
