Expression of interest for Air India in coming few weeks: Hardeep Singh Puri
NEW DELHI [Maha Media]: Civil Aviation Minister Hardeep Puri today said that his ministry will try to issue Expression of Interest for Air India in the coming few weeks.
Talking to media in New Delhi, Mr Puri said Air India is a first class airline, but privatization has to be done. He said, the Ministry is trying to get the process of disinvestment done as quickly as possible. On future of Air India, the Minister said the airlines will continue to fly but there is a serious need for privatization.
Addressing a press briefing, Puri said while the ministry had no plans of regulating fares, it has to happen within parameters of deregulation.
"We need to bring equilibrium within the market. Can't say predatory pricing is the only reason of ill health of airlines, it is one of the reasons. After discussion with airlines, the trend of predatory pricing has reduced. Our advice to airlines is to charge realistic fares," he said.