New Delhi
\nThe government has prepared a revival plan for Air India that provides for a comprehensive financial package, differentiated strategies for each of the airline\u2019s core businesses and robust organisational reforms, Union Minister Jayant Sinha said on Thursday.<\/p>\n
Various initiatives to turnaround the national carrier, which is staying afloat on a bailout package extended by the previous government, including monetisation of real estate assets are progressing.Sinha told the Lok Sabha that the government has prepared a revival plan for Air India which focuses on building a competitive and profitable airline group.<\/p>\n
A comprehensive financial package, including transfer of non-core debt and assets to a Special Purpose Vehicle, implementation of a robust organisational and governance reforms by the board and differentiated business strategies for each of the core businesses of Air India are part of the plan.<\/p>\n
\u201cHigher levels of operational efficiency by strengthening management and implementing best business processes,\u201d are among the major elements of the plan, Sinha said.<\/p>\n
The Minister of State for Civil Aviation also said that Air India has planned to monetise its unutilised and surplus immovable real estate assets over the next few years. \u201cTill date, Air India has realised an amount of Rs 410 crore through sale of its non-core assets in various cities in India and abroad.<\/p>\n
The minister also said that amount of revenue likely to be generated from monetisation of land and properties depends on the bid process and subject to no-objection certificates from authorities concerned.In a written reply, Sinha said the government remains committed to the disinvestment of Air India.<\/p>\n","protected":false},"excerpt":{"rendered":"
New Delhi The government has prepared a revival plan for Air India that provides for a comprehensive financial package, differentiated strategies for each of the airline\u2019s core businesses and robust organisational reforms, Union Minister Jayant Sinha said on Thursday. Various initiatives to turnaround the national carrier, which is staying afloat on a bailout package extended […]<\/p>\n","protected":false},"author":1,"featured_media":51235,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[410],"tags":[],"class_list":["post-51234","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"_links":{"self":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/51234","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/comments?post=51234"}],"version-history":[{"count":1,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/51234\/revisions"}],"predecessor-version":[{"id":51236,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/posts\/51234\/revisions\/51236"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media\/51235"}],"wp:attachment":[{"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/media?parent=51234"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/categories?post=51234"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blastingskyhawk.com\/english\/wp-json\/wp\/v2\/tags?post=51234"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}