{"id":28739,"date":"2018-10-24T14:35:58","date_gmt":"2018-10-24T09:05:58","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=28739"},"modified":"2018-10-24T14:35:58","modified_gmt":"2018-10-24T09:05:58","slug":"air-india-privatisation-plan-shelved","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/air-india-privatisation-plan-shelved\/","title":{"rendered":"Air India privatisation plan shelved"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/todays-paper\/centre-shelves-air-india-privatisation-proposal\/article24205507.ece\">Air India privatisation plan shelved<\/a><\/p>\n<p><strong>News:<\/strong><\/p>\n<ol>\n<li>The central government has decided to postpone the plan to disinvestment of Air India.<\/li>\n<\/ol>\n<p><strong>Important Facts:<\/strong><\/p>\n<ol start=\"2\">\n<li>The central government has decided to privatize Air India by inviting a bid process in March 2018.<\/li>\n<li>The government had offered to sell:<\/li>\n<\/ol>\n<ul>\n<li>76% of its stake in Air India<\/li>\n<li>50 % of share of low-cost subsidiary Air India Express in ground-handling arm AISATS as a single entity.<\/li>\n<\/ul>\n<ol start=\"4\">\n<li>The government has delayed the disinvestment process due to:<\/li>\n<\/ol>\n<ul>\n<li>The rising fuel prices<\/li>\n<li>The government has not received any bids.<\/li>\n<\/ul>\n<ol start=\"5\">\n<li>Issues:<\/li>\n<\/ol>\n<ul>\n<li>Huge Debt and liabilities which accounts for approx. 33,000 crore<\/li>\n<li>The government continuation with ownership.<\/li>\n<li>Lack of clear road map.<\/li>\n<li>Obligation and benefits issue related to permanent and contractual employee.<\/li>\n<\/ul>\n<ol start=\"6\">\n<li>Plan of action to revive of Air India include:<\/li>\n<\/ol>\n<ul>\n<li>Improving Efficiencies by bringing private people to work with the airline<\/li>\n<li>Cutting down costs.<\/li>\n<li>Monetisation of Air India assets.<\/li>\n<\/ul>\n<ol start=\"7\">\n<li>Conclusion<\/li>\n<\/ol>\n<ul>\n<li>The focus should be restructuring of airline under a special administration to overcome the losses.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Air India privatisation plan shelved News: The central government has decided to postpone the plan to disinvestment of Air India. Important Facts: The central government has decided to privatize Air India by inviting a bid process in March 2018. The government had offered to sell: 76% of its stake in Air India 50 % of&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/air-india-privatisation-plan-shelved\/\">Continue reading <span class=\"screen-reader-text\">Air India privatisation plan shelved<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-28739","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704911176},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/28739","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=28739"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/28739\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=28739"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=28739"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=28739"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}