- IPG and ICPA claim representing around 1,400 non-executive pilots
- Around 11 Air India unions protest against disinvestment
- Government plans to offload 76% of the equity share capital
Air India Disinvestment. 5 Things to know
1. "Indian Pilots Guild (IPG) and Indian Commercial Pilots Association (ICPA) have been called by the Air India chairman and managing director next week to discuss about the proposed privatisation," sources at the airline told PTI here. The meeting is expected to take place on April 17, they said.
2. The two pilot unions - IPG and ICPA - together claim representing around 1,400 non-executive pilots of Air India's wide and narrow-body aircraft fleet. These two unions are believed to be in favour of privatisation as long as all their dues are settled before the strategic disinvestment.
3. The employee unions opposed to the privatisation have intensified their stir against the move. Around 11 Air India unions have formed a joint forum to fight against the government's decision to handover the national airline to private players amid improvement in its fiscal and operational performance.
4. As per the preliminary information memorandum on strategic disinvestment by the civil aviation ministry on March 28, the government plans to offload 76 per cent equity share capital of the national carrier as well as transfer the management control.
5. The proposed transaction would involve Air India, its low-cost arm Air India Express and Air India SATS Airport Services, which is an equal joint venture between the national airline and Singapore-based SATS.
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