Privatisation of Air India likely to be completed by May end: Hardeep Puri

Civil Aviation Minister Hardeep Singh Puri informed that the privatisation of Air India is likely to be completed by May end. He stated that the airline still is in debt of Rs 60 thousand crores and it is liable to be sold.

New Delhi: Union Civil Aviation Minister Hardeep Singh Puri on Saturday stated that the privatisation of Air India is likely to be completed by the end of May.

"At a meeting on Monday, it was decided that the government will close the financial bids within 64 days," Puri told reporters, adding that there were multiple bidders and some have been shortlisted.

Other Public sector undertakings (PSUs) like Pawan Hans disinvestment is also under process, the minister added.

Read:|Air India to be closed if privatisation bid fails: Minister

"The airline still is in debt of Rupees 60 thousand crores and it is liable to be sold," Puri further said.

The minister also said that the second wave of COVID-19 has delayed airlines being allowed to operate 100 per cent that was planned to happen from the start of the summer schedule this month-end. But for now, there are no questions to curtail the domestic operations, he added.

He further said that flights are the safest mode to travel, adding that the authorities have taken cognisance for defaulters who are not following COVID-19 protocol on board.

Read:|Government determined to privatise Air India: Civil Aviation Minister

Talking about the expansion of the terminal building of the Gorakhpur Airport, Puri said the civil aviation ministry is making profits from the tier 2-3 airports in the country and Gorakhpur is one of them.

Uttar Pradesh Chief Minister Yogi Adityanath will lay the foundation stone for the expansion of the Mahayogi Guru Gorakhnath Airport terminal building on Sunday.

ANI

Read:|Govt can either privatise Air India or close it down: Minister