MoCA rules out AI disinvestment

MoCA rules out AI disinvestment

The Ministry of Civil Aviation (MoCA) has ruled out disinvestment of Air India saying it is trying to bring the cash trapped national carrier to ‘no-profit, no-loss’ status. “There is no plan of disinvestment in Air India or to bring an IPO in the near future by the government. As a Civil Aviation Minister my first priority is to bring Air India in no-profit no-loss,” Vayalar Ravi, Minister for Civil Aviation, reported Economic Times.

Gary Marshall
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