New Delhi: The government on Wednesday denied a report that it was considering selling stake in the loss-making national carrier Air India.

News agency NewsRise Financial had reported that the government is to examine the possibility of selling up to 49% in Air India, citing an unnamed official. However, civil aviation secretary R N Choubey denied any such move. “No such move at all," the secretary said.

The government plans to form a four-to-five member panel, made up of officials from the finance ministry, the civil aviation ministry, the cabinet secretariat and the company, to consider selling a stake in Air India to meet its revenue target from state asset sales next fiscal year, NewsRise has reported.

Air India executives said they were not aware of any such development and directed the query to the ministry of civil aviation, according to Reuters.

Subscribe to Mint Newsletters * Enter a valid email * Thank you for subscribing to our newsletter.

Share Via