‘Air India First Class Asset, Has To Be Sold 100 Per Cent’

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In two to three years from now, India will have 200 airports—that’s double of what it has today, says Minister of State for Civil Aviation Hardeep Singh Puri. In an exclusive interview with SNI’s Editor-in-Chief Nitin A. Gokhale, Puri also says India’s official airline Air India that currently flies to 80 domestic destinations and 40 places abroad is a ‘first class asset’ but will have to be sold in its entirety. So why sell it, many would ask. Two broad reasons, as the minister says: “It has unsustainable levels of debt (over Rs 50,000 crore) and the government should not be in the business of running airlines”. It will be a prized acquisition for anyone who buys it, says Puri who believes the carrier will draw in prospective buyers.

 

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