Business
Air India Back With Tata Group : An airline that actually belonged to private sector, it’s going back to private sector – Jyotiraditya Scindia , Civil Aviation Minister
Picture : Twitter / ANI
After Air India returned to the Tata Group after 69 years, Union Civil Aviation Minister Jyotiraditya Scindia spoke about the historic hand-over.
#WATCH |Civil Aviation Min Jyotiraditya Scindia speaks on #AirIndia disinvestment;says, “A carrier that had a running loss of Rs 85,000 cr over last 14 yrs, was earning losses of almost Rs 20 cr a day, that money can be used much more for areas that require social development…” pic.twitter.com/P6riNoYh15
— ANI (@ANI) January 28, 2022
On the completion of the disinvestment, Scindia was quoted by ANI as saying, It represents culmination of a long process that took almost 20 yrs to conclude. It also sets in perspective a 69-yr-old history which was started on wrong step by nationalisation of an airline that actually belonged to private sector, it’s going back to private sector.
Scinda further elaborated, We’ll have a player with tremendous capabilities for int’l & domestic traffic -a party that probably has a game plan & strategy to ensure best value for our customers. It’ll be a win-win position for all stakeholders in this industry.
