Hardeep Puri on Air India Privatisation: The government is in a dilemma about the government airline Air India (AirIndia). Union Minister Hardeep Singh Puri said on Saturday that now Air India will be completely disinvested or will be closed.
The company has an outstanding debt of Rs 60,000 crore
The Union Minister further said in his statement that we have decided that there will be 100% disinvestment of Air India. There is no choice between disinvestment and non-disinvestment. Air India is now making money, but right now we are incurring a loss of 20 crores per day. So far, the outstanding debt of 60,000 crore rupees has been incurred on the company.
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In the last meeting, the shortlisted bidders for the disinvestment of Air India were listed and bids were sought within 64 days. According to the government statement, the disinvestment process of Air India is likely to be completed by May or June.