Thursday, 5 July 2018

Air India stake sale: Govt to infuse fresh capital soon, says official

Air India, Air India flight

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 on Thursday.

RN Choubey, secretary, Civil Aviation, said the disinvestment plan would be taken up once the conditions were favourable.

A decision will be taken (on capital infusion into Air India). It will be taken very soon," Choubey said.

"No support is given without some kind of timeline being determined for Air India to deliver. Whenever a government support is extended, there will be a corresponding timeline given to Air India to deliver on those expectations," he further said.

He said the government would provide necessary support to Air India for improving its working. Last year, Air India was breaking even as far as operational costs were concerned, he added.

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