New Delhi : Union Civil Aviation Minister Hardeep Singh Puri has said that the government is looking at a new deadline for the reconstruction of Air India and the financial BD will be invited in the coming days.
Noting that there was no other option but to “privatize or shut down” Air India, he said the government would have to resume aviation before air travel could resume.
Puri said, “We have decided that Air India will be 100% disinvested. The choice is not between restructuring and non-reinvestment, it is between disinvestment and closure. Air India is a first-rate asset, but it has accumulated debt. ₹60,000 crore. We need to clean the slate.
“We are now looking at another timeline, what is called a data room to see potential bidders … it is open for 4 days for financial bids to come. After that, the question of decision making and handing over comes up on the aircraft,” said State Minister for Civil Aviation. .
He was speaking at a session of the Times Network India Economic Conclave.
“I do not have the power to go to Nirmala Zia and ask her to give me some money,” he said, referring to a clear request from the finance minister for funds to run Air India.
He further mentioned that previous attempts to privatize Air India were not successful as the efforts were half-hearted.
Puri also spoke about domestic aviation, which is recovering from the effects of the coronavirus epidemic.
“If we did not see the virus re-emerge, I would have started 100 per cent domestic civil aviation by April 1 in the summer schedule … Total revival of the sector in the domestic aviation sector, opening,” 15-15 days late, “said the minister. .
The government has started the process of selling the entire 100 per cent stake in the damaged Air India since it merged with Indian Airlines in 200 Air.
He also criticized Congress for criticizing airport privatization.
“I’m talking about confused Congress politicians (CCPs). What they did better was the privatization of two airports (Delhi and Mumbai), for which they could legally claim credit. The Delhi and Mumbai airports are success stories.”
According to him, privatization of Delhi and Mumbai airports generated revenue ₹The money was used to privatize AAI (Airports Authority of India) between 2009AI and 2020 for Rs 29,000 crore.
* With input from agencies