Blog By Madhu Bhagat
What will be the decision of cabinet over Air India
ALL INDI A #NITI AAYOG #AIR LINE #ARUN JATELY #JAYANT SINHA
Pune : All India is in profit stated by Union civil aviation minister Jayant Sinha stated while addressing a press conference . According to him, Air India gets transformed to seek more benefices instead of privatization of debt- laden national carrier. As the media reports says that NITI Aayog proposed total privatization of the national carrier, but Union finance minister Arun Jately favored disinvestment of the loss-making carrier.
"The current numbers suggest that our airlines are running in profit. They are not running in losses. Even Air India too is in profit. We are fortunate that oil prices have come down. The cost of aviation turbine fuel has come down 40 to 50 per cent and because of that flying has become affordable," The civil aviation stated.
As the records Approximate profit of 105crore was posted by Air Line in 2015-2016 due to low price of fuel and increase -ment in the number of passenger.
"As far as the passenger trips are concerned, in the last three years, there is a 70 per cent rise. So it is wrong to say that the aviation sector is running into losses, in fact they (airlines) are in profit," he added.
Sinha disagreed about the losses in aviation and told that the government is thinking what to do about the ownership on Air India and will take decision after it. In India five hundred are commercial jets and 850 gets ordered to expend the aviation sector, that’s a good step, but what will be decision of government, we will get more updates about it. Stay connected with us.
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