Govt to sell 100% stake in Air India, says Hardeep Singh Puri

Govt to sell 100% stake in Air India, says Hardeep Singh Puri

Air India, which has a debt burden of more than Rs 50,000 crore, has been making loss for long and as part of revival efforts

Govt to sell 100% stake in Air India, says Hardeep Singh Puri

The government has decided to sell its entire 100 percent stake in Air India under the proposed disinvestment process, Union minister Hardeep Singh Puri said on Thursday.
The national carrier, which has a debt burden of more than Rs 50,000 crore, has been making loss for long and as part of revival efforts, the government has decided on disinvestment.
"After 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.
"AISAM has approved the 100 percent sale of Government of India stake in Air India for the re-initiated strategic disinvestment of Air India," the Minister of State for Civil Aviation said in a written reply to the Lok Sabha.
Air India's net loss in 2018-19 is provisionally estimated to be Rs 8,556.35 crore.
The minister said various measures, including enabling swift transition of Jet Airways aircraft to other airlines, have been taken to improve the aviation sector.
Full service carrier Jet Airways shuttered operations in April due to cash crunch. 
"Airports Authority of India (AAI) has embarked upon a capital investment of over Rs 25,000 crore in next five years for development/ upgradation/ modernisation of various airports and air navigation infrastructure," Puri said.


Comments

Post a Comment

Popular posts from this blog

FURUNO FMD 3300 TEST WITH RESULT

FURUNO ECDIS Multiple Choice Test 1. Which operation can you perform on the FURUNO ECDIS? ( B ) a. I can play back my ship’s past track on the ECDIS b. I can record my position manually on the RNCs. c. I can create Notes from my Voyage Log to document a voyage on the charts. d. I can set the ECDIS to include engine log information into the Voyage Log automatically. 2. Which operation can you perform on the FURUNO ECDIS? ( A ) a. I can record my position manually on the ENCs. b. I can set the ECDIS to automatically choosing a Safety contour based on my setting of ship’s maximum draft. c. I can set Ship’s maximum height to enable chart alerts from areas in the charts where there is not sufficient air draft. d. I can send a copy of my Route Plan to an AIS target as a Safety Message. 3. Which operation can you perform on the FURUNO ECDIS? ( C ) a. I can record target ship’s position in the Voyage log automatically. b. I can record a position fix manually by using just one
Read more

General intact stability criteria for all ships

Image
General intact stability criteria for all ships: The Code for Intact Stability was adopted on 4 November 1993 under  IMO Resolution A.749(18) . This Intact Stability Code was provided to seafarers to give recommendations related to Intact Stability criteria and other measures for ensuring the safe operations of the ship to minimize risk to ships, the personnel, and the environment. Recommendations mentioned in this code can be found in various codes of IMO, such as the MODU Code or DSC Code. The Code for Intact Stability applies to: Cargo ships Cargo ships carrying timber cargo Cargo ships carrying grains in bulk Passenger ships Fishing vessels Special purpose vessels (SPVs) (mechanically self-propelled ships, which carries more than 12 personnel on-board)* Mobile Offshore Drilling Vessels (MODU) Pontoons Dynamically Support
Read more

LOADICATOR REQUIREMENTS, DOCUMENTATION, TESTING & ITS RECORDS

LOADICATOR REQUIREMENTS, DOCUMENTATION, TESTING & ITS RECORDS Introduction A loading instrument is an instrument, which is either analogue or digital, by means of which it can be easily and quickly ascertained that, at specified read-out points, the still water bending moments, shear forces, and the still water torsional moments and lateral loads, where applicable, in any load or ballast condition will not exceed the specified permissible values. A loading instrument comprises hardware and software. An operational manual is always to be provided for the loading instrument. The requirement of loading instrument for bulk carriers is governed by SOLAS chapter XII, regulation 11. New requirements for onboard stability instruments applicable to all tankers has become effective from 1st January 2016. MARPOL Annex I Ch.4, the IBC Code and the IGC Code have all been amended, requiring tankers to be fitted with a stability instrument capable of handling both intact and damage stabi
Read more