centre exploring ways to make air india profitable sinha
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Centre exploring ways to make Air India profitable: Sinha

Arab Today, arab today

Arab Today, arab today Centre exploring ways to make Air India profitable: Sinha

The Indian government is looking at "alternatives" available to make Air India and other public sector
Jamshedpur - Arab Today

The Indian government is looking at "alternatives" available to make Air India and other public sector units more competitive and profitable, Union Minister Jayant Sinha has said.

The future course of action for the loss-making airline, which is surviving on taxpayers' money, is being actively looked at by the government and a decision on the possible privatisation is likely in three months. "Our objective is to transform the public sector carrier to a great global airline and we are doing whatever possible in this regard," the Minister of State for Civil Aviation told reporters here on Saturday.

To a question on privatisation, he said the government was studying alternatives to strengthen the public sector units, including Air India, and make them "competitive and profitable". Asked why private airliners are operating more on profitable routes than Air India, Sinha said that route network, which was not optimised for long, was finalised after long discussions. He said the present government had made efforts to optimise route network based on viability during the last three years and was viewing the new routes such as Washington DC, Copenhagen and Ranchi-Kolkata as profitable.

"We have made efforts to optimise route network on favourable routes with an intention to make the airline more competitive and profitable. The Air India also procured new aircraft to achieve the goal," he said. Union Finance Minister Arun Jaitley and his Civil Aviation counterpart Ashok Gajapathi Raju last week discussed the future course for debt-ridden Air India, with senior officials indicating that a decision on privatisation will be taken within three months.

Appreciating the initiatives taken by the government, Sinha said its efforts had resulted Air India, which was incurring loss for the past ten years, to make Rs1.05 billion operating profit last year. On Opposition's allegations that employment opportunities during the last three years have drastically come down in the country, Sinha said on the contrary jobs had registered an increase in the organised sector.

However, he said, the data in the unorganised sector was not clear even though the job opportunities increased in this sector too. He said a committee had been formed to study the prevailing status of employment generated and the opportunities.

Clarifying his stand on the employment generated during the last three years, the minister said labourers were not available to work in projects under MNREGA as they moved out to other places to work for more money. Labourers in Ramgarh and Hazaribagh districts were not available for MNREGA, which pays Rs175 per day, as they were working in construction sites at wages ranging between Rs300 to Rs400 per day. Claiming that the development work is going on rapidly across sectors, Sinha said the government had decided to invest Rs 8.5 lakh crore on railways, Rs 8 lakh crore on infrastructure, including roads, and Rs 2 to 2.5 lakh crore on airports to increase the facilities for the masses.

Source: Timesofoman

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

centre exploring ways to make air india profitable sinha centre exploring ways to make air india profitable sinha

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

centre exploring ways to make air india profitable sinha centre exploring ways to make air india profitable sinha

 



GMT 12:47 2016 Thursday ,01 September

'La La Land' musical masterpiece dazzles Venice film fest

GMT 12:42 2017 Monday ,20 February

Dalia al-Behairy begins 'Yawmiyat Zoga Mafrosa'

GMT 19:01 2017 Wednesday ,30 August

Oil prices down as US reels from Harvey

GMT 04:19 2017 Monday ,08 May

National forces attack mercenaries in Taiz

GMT 19:21 2017 Sunday ,07 May

Iranian Film Week opens in Baghdad

GMT 21:33 2017 Sunday ,30 July

Arab Quartet meeting kicks off in Bahrain

GMT 17:17 2016 Friday ,07 October

Aleppo bleeds as US and Russia spar

GMT 12:03 2015 Monday ,21 December

Nepal protester killed in constitutional crisis clash

GMT 09:47 2016 Thursday ,22 December

Trump vows to cut F-35 spending, as leaked memo

GMT 21:44 2017 Friday ,15 December

King establishes Hawar Development Committee

GMT 20:57 2017 Tuesday ,16 May

Naval Forces rescue 23 tourists in Hurghada

GMT 12:56 2017 Monday ,11 December

Lyon leave it late, Balotelli with Nice winner

GMT 06:18 2017 Thursday ,19 October

Russian delegation meets with Julphar chairman

GMT 21:20 2017 Monday ,23 October

Nasr, delegation of London Stock Exchange

GMT 14:40 2012 Saturday ,10 March

Magdy Al-Galad steps down

GMT 09:47 2017 Sunday ,12 March

Cat Camp in New York attracts cat lovers

GMT 14:57 2016 Friday ,09 September

Madonna, Ritchie settle child custody dispute

GMT 23:52 2017 Monday ,18 September

UAE economic growth boosting logistics sector
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday