Why did Modi sell Air India?

Is Air India getting sold?

Disinvestment-bound Air India has been monetising its immovable assets to offset its debt. Air India has sold its 115 properties for ₹738 crore since 2015 to offset its debt, Minister of State for Civil Aviation V K Singh said on Thursday. … The carrier had a debt of around ₹60,000 crore as on March 2019.

What is the salary of cabin crew in India?

Cabin Crew Salaries

Job Title Salary
Jet Airways Cabin Crew salaries – 101 salaries reported ₹51,359/mo
IndiGo Cabin Crew salaries – 57 salaries reported ₹38,705/mo
Air India Cabin Crew salaries – 31 salaries reported ₹41,028/mo
Spicejet Cabin Crew salaries – 29 salaries reported ₹39,119/mo

Is Air India in profit or loss?

Air India, which has never made a net profit since its merger with Indian Airlines in 2007, has incurred a net loss of about ₹9,500- ₹10,000 crore in the year ended March 2021, up from a ₹8,000 crore loss recorded in the previous year, a senior official of the airline had earlier told Mint.

Is Air India a government job?

Air India is the flag carrier airline of India, headquartered at New Delhi. It is owned by Air India Limited, a government-owned enterprise, and operates a fleet of Airbus and Boeing aircraft serving 102 domestic and international destinations.

Who are the bidders of Air India?

So far, the Tata group is among the front-runners to acquire Air India. According to media reports, SpiceJet’s chairman and managing director Ajay Singh has also been shortlisted to bid for Air India in his individual capacity.

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