scorecardresearch
Wednesday, April 17, 2024
Support Our Journalism
HomeEconomyAir India has received bids, bank-led plan underway for Jet Airways: Jayant...

Air India has received bids, bank-led plan underway for Jet Airways: Jayant Sinha

A bank-led resolution plan is underway for Jet Airways, said minister of state for civil aviation Jayant Sinha.

Follow Us :
Text Size:

Kolkata: The government is committed to strategic disinvestment of national carrier Air India, Minister of State for Civil Aviation Jayant Sinha said Tuesday.

Speaking at a session hosted by the Indian Chamber of Commerce here, Sinha said the government was taking steps to make Air India a vibrant global airline and benchmark some of its services with the best in the world.

“We want to make Air India a vibrant global airline going forward,” Sinha said.

On Jet Airways, which has been grounded due to financial crisis, the minister said “there is a bank-led resolution plan which is underway”.

“Some bids have been received and let see how the resolution plan unfolds,” he said.

 


Also readJet Airways CEO Vinay Dube quits within hours of CFO leaving


 

Sinha said that in the interim, some assets of Jet Airways have been assigned for the convenience of passengers.

“When the resolution process is complete, these assets will again be re-assigned.”

He said India has the most open and competitive aviation industry in the world and the desire was to benchmark it against the best in the world.

During UPA rule, one airport was built in a single year, Sinha said, adding that now six to seven airports were being built in a year and there has been an unprecedented growth in the sector.

Subscribe to our channels on YouTube, Telegram & WhatsApp

Support Our Journalism

India needs fair, non-hyphenated and questioning journalism, packed with on-ground reporting. ThePrint – with exceptional reporters, columnists and editors – is doing just that.

Sustaining this needs support from wonderful readers like you.

Whether you live in India or overseas, you can take a paid subscription by clicking here.

Support Our Journalism

1 COMMENT

  1. Wen sirji its been 1 yr now??? All come sees the debt n problems created by ex-chairman goyal n den no turning back. Wat govt has done nothing???

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular