DISINVESTMENT

Air India: Parliamentary panel to hear stakeholders today

PTI6_29_2017_000165A Representational image | File

CCEA had given its in-principle approval for AI disinvestment in June

A parliamentary panel will meet in New Delhi today to hear the views of various stakeholders on the disinvestment of national carrier Air India and Pawan Hans Limited.

The parliamentary standing committee on transport, tourism and culture will hear the views of the Ministry of Civil Aviation and Department of Investment and Public Asset Management on the issue.

The 31-member panel is headed by Trinamool Congress member Mukul Roy. A group of ministers, headed by Finance Minister Arun Jaitley, is looking into various aspects of the proposed disinvestment of Air India.

In June, the Cabinet Committee on Economic Affairs gave its in-principle approval for considering strategic Air India disinvestment.

Air India has a debt burden of more than Rs 52,000 crore.

The previous UPA government had extended bailout package worth little over Rs 30,000 crore to the national carrier for a ten-year period starting from 2012. 

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Topics : #Air India | #aviation

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