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Better to put Air India on Sale: Arun Jaitley
By: Tupaki Desk | 6 Jun 2017 7:00 AM GMT
Finance Minister Arun Jaitley opined Air India should have been sold out 15-Years-Ago. He went on to say, 'I would privatise Air India if given a choice as the debts have shoot up to Rs 55,000-60,000 crore. Even NITI Aayog recommended privatisation'.
For the first time since it began flying, Air India made operational profit in the financial year 2016-17. High Maintenance Costs has always been a burden on the national carrier.
Arun Jaitley explained Centre needn't worry much about the Rs 55,000-60,000 crore debt as Air India have several Aircrafts and Properties to compensate it. He, however, admits the challenge would be to find a Private Player who can takeover Air India inspite of its high operational cost.
Currently, Civil Aviation Ministry is preparing a detailed report about the debt and assets Air India owns to put it on sale.
For the first time since it began flying, Air India made operational profit in the financial year 2016-17. High Maintenance Costs has always been a burden on the national carrier.
Arun Jaitley explained Centre needn't worry much about the Rs 55,000-60,000 crore debt as Air India have several Aircrafts and Properties to compensate it. He, however, admits the challenge would be to find a Private Player who can takeover Air India inspite of its high operational cost.
Currently, Civil Aviation Ministry is preparing a detailed report about the debt and assets Air India owns to put it on sale.
