Air India will not be shutting down, says CMD Ashwani Lohani on rumours | Corporations Information

Mumbai: Air India CMD Aswani Lohani stated on Wednesday (12 February), rumours that nationwide provider goes to close down are completely false.

“Air India workers needn’t fear. Nothing mistaken will occur to them. Rumours that Air India goes to close down are completely false. Air India will proceed its operations,” Lohani instructed reporters right here.

Lohani additionally attended an exhibition on Air India. “Air India remains to be a fantastic airline. It’s all the time there when the nation wants Air India. Lately, we introduced again Indians from Wuhan. There are a number of different evacuation tales,” he stated.

Earlier, Civil Aviation Minister Hardeep Singh Puri had stated all the dues and arrears of Air India workers can be paid earlier than the proposed disinvestment of the airline is concluded, as the federal government set the ball rolling for the privatisation of the nationwide provider.

The federal government had invited preliminary bids to divest its total stake in Air India, and the airline`s subsidiary Air India Categorical together with its three way partnership Air India SATS Airport Companies Non-public Restricted.

The Civil Aviation Minister had on January 2 met representatives of assorted workers unions of Air India and addressed their considerations concerning the privatisation of the nationwide provider. The federal government has stated that privatisation of debt-ridden airline has develop into a compulsion as worry grows about its shutdown.

The minister had additionally stated that debt over Air India has made it “unsustainable” and the nationwide provider must go in personal fingers to maintain it operating.

Earlier immediately, the federal government invited preliminary bids to divest its total stake in Air India, and the airline`s subsidiary Air India Categorical together with its three way partnership Air India SATS Airport Companies Non-public Restricted. As per a preliminary data memorandum (PIM) issued by the Division of Funding and Public Asset Administration, the final date for submission of expression of curiosity is March 17 and certified bidders can be notified on March 31.




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