#startingconversations-#startingconversations

Disinvestment-bound Air India Has Set Up Internal Committee To Address Employee-Related Issues

Air Indian has constituted a nine-member committee to sort out privatization-related issues of employees. The disinvestment-bound airline company has set up this internal mechanism with members from the management and its various trade unions. It was set up a day after Civil Aviation Minister Hardeep Singh Puri met with representatives from various Air India unions.

The committee will look into HR (Human Resources) issues of the employees in the wake of the disinvestment of the company. The committee will meet regularly to deal with all the issues within 10 days. At the meeting, the minister assured employees of full payment for their arrears, according to The Economic Times. The meeting was also attended by Civil Aviation Secretary Pradeep Singh Kharola, Air India Chairman and Managing Director Ashwani Lohani.

Employees will be paid all their dues

According to a source present at the meeting, Puri also assured the pilots that the government would pay their dues in full in the face of privatization. The minister also confirmed that the payment of dues is likely to be incorporated in the Expression of Interest (EoI) document. Several potential buyers have reportedly shown an interest in purchasing Air India. 100% of the stake in the airline would be transferred to the buyer expressing interest. 

air india

A group of ministers headed by Union Home Minister Amit Shah approved the draft EoI and Share Purchase Agreement (SPA) for the disinvestment of Air India on January 7th. Media reports have suggested that new investors may be allowed to retain Air India’s employees post the privatization of the carrier. Air India’s net loss in 2018-19 was Rs 8,556 crore and its debt burden was at a staggering Rs 80,000 crore. In 2018, the government proposed to let go of 76% stake in Air India and retain 24% while transferring management control to private players. The offer did not attract any bidders. 

Also Read: Rumours Of Air India Shutting Down Is Baseless: Chief Ashwani Lohani

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related

More Articles Like This

More from the Author

Malaysia Aviation Group Acquires 20 New A330neo As Part of Fleet Modernisation Plan

New Delhi, 16 August 2022: The Malaysia Aviation Group (“MAG” or “the Group”) today signed Memorandums of...

Karnataka Tourism holds ‘Karnataka Tourism Road Show’

"Karnataka is an around the year tourist destination; UNESCO Heritage Sites, virgin beaches and wildlife tourism make it unique.": T. Venkatesh, Director,...

Exotic Getaways With The Residence By Cenizaro

With the new Forever Yours campaign, The Residence by Cenizaro invites families to create memories that will last a lifetime. Following a...

Wyndham Hotels & Resorts Unveils First Wyndham Grand in Mexico

Through a franchising arrangement with Grupo Cancun, Wyndham Hotels & Resorts has announced the upcoming opening of Wyndham Grand Cancun All-Inclusive Resort...