CPI Opposes Sale of Air India
The National Secretariat of the Communist Party of India issued the following statement on January 28, 2020:
The National Secretariat of the Communist Party of India expresses its strong opposition to the decision of the Government of India to sell 100 per cent of its stake in Air India, the flagship airline of our country. The divestment of Air India has restarted with the government seeking to sell 100 per cent of its equity share capital in the state-owned airline, including Air India’s shareholding interest of 100 per cent in AI Express Limited and 50 per cent in Air India SATS Airport Services Private Limited.
Unlike the previous failed bid to sell Air India, this time the government is deciding to off-load its entire stake. Further, the debt has been reduced to Rs 23,286 crore from Rs 60,074 crore previously which indicates the bounty of nearly Rs. 37,000 crores concession that the Government is willing to offer to the private bidder. This is nothing but an open attempt to sell family silver for a song. This also confirms once again the policy of the present BJP Government to privatise the profits and nationalize the losses.
CPI demands that this decision to sell Air India should be reviewed and withdrawn in national interest.