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Tuesday, 09 July, 2019, 12 : 00 PM [IST]

Air India employees oppose move to privatise the airline

Air India employees have opposed the government’s move to privatise the state-owned airline. The opposition to the proposed disinvestment proposal was conveyed to Ashwani Lohani, Chairman and MD, Air India, at a meeting that 13 unions had with him on Monday. 

“We are not prepared to surrender on this issue (privatisation of Air India). We oppose the basic plan of the government. Privatisation is not the solution... look at what happened to Jet Airways, ” one of the union leaders who attended the meeting told newspersons. 

The opposition comes days after Nirmala Sitharaman, Finance Minister, Government of India said in her Budget speech that the strategic disinvestment of select Central Public Sector Enterprises would continue to remain a priority for the Government. “In view of the current macro-economic parameters, the Government would not only re-initiate the process of strategic disinvestment of Air India, but would offer more CPSEs for strategic participation by the private sector” the Minister said. 

The privatisation process is expected to start in August after Air India’s financials for 2018-19 are finalised. 

(Source: The Hindu Buisness Line)
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