NEW DELHI: \u201cDivestment is inevitable and I am meeting to get your views on how best to protect your interests.\u201d Air India chairman Ashwani Lohani on Monday reiterated the government\u2019s decision to sell off the debt-ridden airline to representatives of 13 unions representing different sections of employees on Monday morning, said a person who attended the meet. Almost all the unions opposed the move while the pilots focussed their concern mainly on the huge wage dues the airline has to them which they want to be cleared before the second attempt to disinvest in AI begins.
\n\u201cIt was conveyed to us that if there is no fund infusion from the government, there is no way the Maharaja can remain in the cut-throat competitive and cash-intensive airline business. So divestment is going to happen,\u201d said a person who attended the meeting. Last Friday\u2019s Budget has given Rs 1 lakh (repeat Rs 1 lakh only) to AI even as the airline has to repay Rs 10,000 crore of debt this fiscal.<\/p>\n","protected":false},"excerpt":{"rendered":"
NEW DELHI: \u201cDivestment is inevitable and I am meeting to get your views on how best to protect your interests.\u201d Air India chairman Ashwani Lohani on Monday reiterated the government\u2019s decision to sell off the debt-ridden airline to representatives of 13 unions representing different sections of employees on Monday morning, said a person who attended the meet. Almost all the unions opposed the move while the pilots focussed their concern mainly on the huge wage dues the airline has to them which they want to be cleared before the second attempt to disinvest in AI begins. \u201cIt was conveyed to […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[220,130,137],"tags":[],"class_list":["post-281137","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-times-of-india","category-newspapers","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281137","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=281137"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/281137\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=281137"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=281137"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=281137"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}