India's National Airliner- Air India's disinvestment process has been on the radar for some time as the debt-laden has no bidders to put their neck into the infamous national carrier. Mr.Suresh Prabhu, Civil Aviation Minister said that the future of Air India will be decided by the group of Ministers, other options would be discussed by the AISAM- Air India Specific Alternative Mechanism headed by Union Finance Minister Arun Jaitley.
The soaring issue is that the airlines have come to a naught by incurring the loss of Rs 48,876.81 crores in March 2017. On the other hand, the service compared to other airlines decline over the period, forcing the Indian Government to go for a disinvestment.
Soon the group of ministers would decide the fate of Air India.