Tuesday, November 12 2019

June 28, 2019

Govt to go ahead with Air India Disinvestment

Air India launches Maharaja Direct

New Delhi- As per the recommendations of AISAM, the govt will now go ahead with the process of disinvestment of the Air India.In a meeting on 28th June 2017, the Cabinet Committee on Economic Affairs had in-principle approved the consideration for strategic disinvestment of Air India & its five subsidiaries. An Air India Specific Alternative Mechanism (AISAM) was constituted by CCEA for this.

In an AISAM Meeting held on 28th March 2018, which is last year, it was decided that due to issues like volatile crude oil prices & adverse fluctuations in exchange rates, the atmosphere was not conducive for the disinvestment. But this was last year.