New Delhi: A final decision on the revival plan for debt-laden Air India is likely to take some more time as the civil aviation ministry has voiced concerns over the privatization proposal, says an official. The plan for revival would be taken up by the cabinet only after various issues, including the concerns raised by the parent ministry, are resolved, a senior finance ministry official said on Tuesday. Surviving on taxpayers’ money, Air India has been in the red for long and various proposals, including government think tank NITI Aayog’s suggestion for complete privatization, have been made. Air India is surviving on a Rs30,000-crore bailout package extended by the United Progressive Alliance (UPA) in 2012. Recently, finance minister Arun Jaitley had said the aviation ministry has to explore all possibilities “as to how the privatization of Air India can be done”.

Source: Mint June 20, 2017 14:37 UTC