Momentous Day For India, Says Aviation Minister On Air India Sale

PUBLISHED ON: October 8, 2021 | Duration: 6 min, 29 sec

  
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The sale of the debt-ridden Air India to Tata Sons is a "momentous day for 130 crore people and India's civil aviation", Union Minister Jyotiraditya Scindia told NDTV today. The Civil Aviation Minister said he is confident that the sector, which has been particularly hit hard by the slowdown in travel amid the COVID-19 pandemic, will improve soon. "It's a momentous day for India's 130 crore people. It's also a momentous day for civil aviation. An airline that has been bleeding Rs. 20 crore a day and Rs. 7,500 crore a year over the last few years... this disinvestment process has been extremely thorough, extremely rigorous, and has resulted in a landmark outcome under the leadership of Prime Minister Narendra Modi, Finance Minister Nirmala Sitharaman, DIPAM and the Ministry of Civil Aviation," Mr Scindia told NDTV.
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