The government has decided to sell its entire 100 per cent stake in Air India under the proposed disinvestment process.
Civil Aviation Minister Hardeep Singh Puri said this in a written reply in Lok Sabha today. He said, after the formation of the new government, Air India Specific Alternative Mechanism (AISAM) has been reconstituted and the re-initiation of the strategic disinvestment of Air India has been approved.
Mr Puri said, AISAM has approved the 100 per cent sale of the government stake in Air India for the re-initiated strategic disinvestment of Air India.
The Minister said various measures have been taken to improve the aviation sector. He said, Airports Authority of India has embarked upon a capital investment of over 25 thousand crore rupees in next five years for development, up-gradation and modernisation of various airports and air navigation infrastructure.
