Government disinvested a 100 per cent stake to Tata Sons of Air India
Air India has to pay excellent dues of Rs 2,000 crore to the Airport Authority of India (AAI) associated to touchdown, parking and different expenses, mentioned the Chairman of AAI.
Speaking to ANI, Sanjeev Kumar, Chairman of AAI, mentioned, “It’s not the fact that there is lots of debt on airlines. I don”t think there is much debt except Air India… I think it’s over 2000 crores dues and we are fairly confident that we would recover the past dues from them.”
“Other airlines are also carrying debt but not very much like Air India. Apart from Air India, no significant dues from other airlines are pending. One or two isolated disputed amount is where the airlines and airport might have some difference of opinion and it must be raised their various forum either legal proceeding or negotiations,” the AAI Chairman added.
Recently, the Centre efficiently disinvested a 100 per cent stake to Tata Sons of Air India, however pending dues by Air India should be famous to the brand new proprietor.
Talace Pvt Ltd, a wholly-owned subsidiary of Tata Sons, has received the bid for buying Air India, marking the tip of the method to privatise the nationwide service with the federal government approving its disinvestment.
The CCEA-approved Air India Specific Alternative Mechanism (AISAM) authorised the very best worth bid of Talace Pvt Ltd for the sale of 100 per cent fairness shareholding of the Government of India in Air India together with fairness shareholding of Air India in AIXL and AISATS.
