Civil Aviation Minister Hardeep Singh Puri has opened up on Air India . Speaking in Rajya Sabha he stated that the loss-making Air India will have to be closed down if not privatised. He said the government is committed to secure a favourable deal for all employees of the state-owned carrier.
The government is in the process of finalising invitation of bids, he said, adding interests of employees of the state-owned carrier Air India would be protected and there would be no job loss till its privatisation.
“Your airlines would have to be closed down if not privatised,” Puri said while replying to a supplementary question.
“… The process of disinvestment is underway. The issue of getting bids will arise only after we complete the processing. So far, the alternative mechanism, under the chairmanship of the Home Minister, has been made,” he said.
“We have taken some decisions. Other decisions are being processed. Once we invite bids, then, we will see how many bids have come in,” Puri added.