Jayant Sinha
MUMBAI:The government is committed to provide appropriate liquidity and financial resources to Air India, Union Minister of State for Civil Aviation
Jayant Sinha has said amid delay in payment of salaries at the airline and uncertainty over its divestment plans.
In a major setback, the government’s proposed 76 per cent strategic stake sale in the debt-laden carrier failed to elicit any initial bids as the deadline ended on May 31.
“We are definitely going to provide necessary liquidity and financial resources so that Air India continues its very successful turnaround plan and provide world-class customer service to passengers.
“… also to ensure that its talented and hardworking employees are paid on time for their services, Sinha told reporters here.
Sinha, who was here to inaugurate an Air India-Boeing Accelerated AME Apprenticeship Program, said the group of ministers would meet soon to take appropriate decision on the future of the flag carrier.
According to the minister, Air India’s assets have been separated into two parts. “…. One which is put up for strategic disinvestment and other set of assets are in an asset holding… monetisation efforts for assets is underway in asset holding company,” he noted. PTI
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