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Improving Air India's Operations and Profitability Would Help Achieve Better Value: Piyush Goyal
Government Takes Efforts to Revitalize Air India and Make It Profitable again to bring him more value Finance Minister Piyush Goyal said on Wednesday that the sale process of 76% of the national carrier ended last month, as investors did not show up. interest. strategic divestment for which other alternatives will be evaluated.
The offer of sale did not attract any bidders before the deadline for submission of bids on May 31st.
"We are taking steps to strengthen Air India's management practices and operational efficiencies" Goyal told reporters on the sidelines of a conference here.
Noting that the problems of Air India can be attributed to the acquisition of a According to the Minister, with the new direction of the government on the rotation of the national carrier, there will be visible changes in the next 18 months.
"Improving Air India's Operation and Profitability"
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