And this is area privatization and disinvestment will work," he said replying to supplementaries in the Lok Sabha during the question hour.New Delhi: The government said on Thursday that unsustainable debt burden was the reason for Air Indias downfall and hence the government was committed to strategic disinvestment of Air India.To a question on the decline of the domestic civil aviation market, Puri said that it is only a narrative that the domestic civil aviation market is declining. It is servicing of that debt burden which is a problem," he said. Air India, in fact, is a first class asset.Puri said that privatisation of Air India was for the benefit of people and the government will do its best to ensure that the company is purchased by an Indian entity.
The minister said the government was committed to the strategic disinvestment of Air India as NITI Aayog in its recommendations had given the rationale for the disinvestment of Air India and has referred to the fragile finances of the company, among various other reasons."We believe the governments scarce resources should be utilized in the other development scheme. Half of them are flying in 40 international directions and 80 in domestic destinations. The problem is that it has taken an unsustainable debt burden.He said the government will do its best to ensure that the Air India is purchased by an Indian entity so that the citizens best interests are protected."It is not the government which has failed to attract passengers.
He, however, said the high cost of Aviation Turbine Fuel (ATF), the global economic slowdown, low yields due to the intense competition are some reasons that have contributed to the widening gap between revenue and https://www.eptfemembrane.net/product/eptfe-sterilization-high-efficiency-bubble-point-membrane.html water resistant membrane expenses in the airline industry."Over the years, the operational costs for airlines have gone up mainly due to the increase in fuel prices and the depreciation of Rupee," he said in a written reply. It has 125 planes. Contrary to the speculation, the number of flights havent gone down either," he said.
As far as disinvestment of Air India is concerned, Civil Aviation Minister Hardeep Puri said as soon as the government has the provisional figures and the alternate mechanism for the disinvestment of Air India in substantive motion, the process of strategic disinvestment will be started. It is doing extremely well."It is for the benefit of the Indian citizens that the government has decided to privatise it," he said."In fact, it has seen a steady annual growth of 17 per cent.
The minister said the government was committed to the strategic disinvestment of Air India as NITI Aayog in its recommendations had given the rationale for the disinvestment of Air India and has referred to the fragile finances of the company, among various other reasons."We believe the governments scarce resources should be utilized in the other development scheme. Half of them are flying in 40 international directions and 80 in domestic destinations. The problem is that it has taken an unsustainable debt burden.He said the government will do its best to ensure that the Air India is purchased by an Indian entity so that the citizens best interests are protected."It is not the government which has failed to attract passengers.
He, however, said the high cost of Aviation Turbine Fuel (ATF), the global economic slowdown, low yields due to the intense competition are some reasons that have contributed to the widening gap between revenue and https://www.eptfemembrane.net/product/eptfe-sterilization-high-efficiency-bubble-point-membrane.html water resistant membrane expenses in the airline industry."Over the years, the operational costs for airlines have gone up mainly due to the increase in fuel prices and the depreciation of Rupee," he said in a written reply. It has 125 planes. Contrary to the speculation, the number of flights havent gone down either," he said.
As far as disinvestment of Air India is concerned, Civil Aviation Minister Hardeep Puri said as soon as the government has the provisional figures and the alternate mechanism for the disinvestment of Air India in substantive motion, the process of strategic disinvestment will be started. It is doing extremely well."It is for the benefit of the Indian citizens that the government has decided to privatise it," he said."In fact, it has seen a steady annual growth of 17 per cent.
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