December 12, 2019 5:11 PM

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Govt to sell 100% stake in Air India, says Minister

<span style="color: #222222;">The government has decided to sell its entire 100 per cent stake in Air India under the proposed disinvestment process.<br />'' <br />'' Civil Aviation Minister Hardeep Singh Puri said this in a written reply in Lok Sabha today. He said, after the formation of the new government, Air India Specific Alternative Mechanism (AISAM) has been reconstituted and the re-initiation of the strategic disinvestment of Air India has been approved.<br />'' <br />'' Mr Puri said, AISAM has approved the 100 per cent sale of the government stake in Air India for the re-initiated strategic disinvestment of Air India.<br />''<br />''The Minister said various measures have been taken to improve the aviation sector. He said, Airports Authority of India has embarked upon a capital investment of over 25 thousand crore rupees in next five years for development, up-gradation and modernisation of various airports and air navigation infrastructure.</span><br />

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