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