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Let Go Of Air India, NITI Aayog Tells Government
Air India planes prepare for take-off at the Indira Gandhi International Airport in New Delhi. (MANAN VATSYAYANA/AFP/GettyImages)
Government of India may just consider selling the national carrier Air India if it pays heed to the recommendations of NITI Aayog. The think tank has proposed the sale of the loss-making airline and diversion of allocated funds towards health and education.
NITI Aayog's report provides a detailed road map for strategic disinvestment of Air India. The plan includes writing off loans amounting to around Rs 30,000 crore, of a total debt of around Rs 60,000 crore. A decision on the same would be taken by the cabinet, reported the Times of India.
As per the daily’s report, Aviation Minister A Gajapati Raju and his deputy Jayant Sinha have confirmed the submission of the report by the Aayog but didn’t disclose the details.
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