PM Modi Khushinagar Airport : The Prime Minister said that with the completion of the airport, more world attention will be drawn to Kushinagar, a major Buddhist pilgrimage center in the country.
PM Modi Khushinagar Airport New Delhi: Prime Minister Narendra Modi has justified the sale of Air India. Inaugurating the Kushinagar International Airport in Uttar Pradesh, the Prime Minister said it was a decision that would give new impetus to the aviation sector. The Prime Minister said that with the completion of the airport, Kushinagar, a major Buddhist pilgrimage center in the country, will attract more global attention.
The central government has sold Air India to the Tata Group for Rs 18,000 crore. Tata Sons will own 100 per cent stake in Air India and 50 per cent stake in Air India Sats and Express. But some assets, including the headquarters at Nariman Point in Mumbai, will remain in the hands of the government. Out of the total debt of Rs 61,000 crore, Tata will have to take over Rs 13,000 crore.
The company has 16,077 employees. They will be protected for one year. With the completion of the privatization process, Air India lost its status as a national carrier. The Air India One aircraft used by VVIPs, including the President and the Prime Minister, will be handed over to the Air Force. The company has sold the Air India brand to Tata on the condition that it will not allow resale for five years.
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