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Swamy warns against Air India sale, wants House panel to vet his note
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SME Times News Bureau | 23 Jan, 2020
The government's plan to sell national carrier Air India may face
political and legal headwinds with senior BJP leader Subramanian Swamy
raising the red flag against the decision.
Days before the launch
of bidding process by inviting Expressions of Interest (EoI) from
potential suitors, Swamy has warned against such move, saying the issue
was currently being discussed by a Parliamentary panel.
"Right
now, it (Air India disinvestment) is before the consultative committee
and I am a member of that. I have been asked to give a note which will
be discussed in the next meeting. They can't go ahead without that,"
Swamy told IANS.
"If they do, I will go to court. They know that too," he cautioned.
A
vocal opponent of Air India privatisation, Swamy had earlier suggested
to list 49 per cent of Air India shares on stock exchanges while
government holds 51 per cent in the carrier as an alternative to selling
its entire stake to private companies.
It has been reliably
learnt that the Rajya Sabha member had expressed reservations over
privatisation of Air India the meeting of a Parliamentary consultative
committee earlier this month.
After its failed first attempt, the
Modi government has shown great zeal this time to sell Air India. It is
set to offer a sweetened deal to potential buyers this time around by
removing a large chunk of the debt and liabilities from the airline
books.
Aviation Minister Hardeep Singh Puri had earlier said that
Air India will be shut down, in case the disinvestment exercise is not
successful.
Sources told IANS that the preliminary information
memorandum (PIM) inviting EoI has been tentatively scheduled to be
unveiled on January 27.
Air India is proposed to be sold along
with its subsidiary Air India Express and ground-handling joint venture
company Air India Singapore Airport Terminal Services Ltd (AISATS) in
which it has 50 per cent stake.
Air India on January 10 came out
with tender for engaging aircraft asset management companies for
carrying out technical audit of its entire fleet.
A Ministerial
panel on Air India chaired by Home Minister Amit Shah on January 7
approved the draft EoI and a share purchase agreement (SPA) for the
airline's disinvestment.
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