Highlights

  • Govt has asked ministries to clear Air India dues immediately
  • Govt has decided to sell Air India to Tata Group for ₹18,000 cr
  • Govt to ministries: AI has stopped credit facilities on air tickets

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Clear Air India dues, buy tickets in cash: Govt tells ministries

The government earlier this month decided to sell Air India to Tata group for Rs 18,000 crore

The government has asked ministries and departments to clear dues of Air India immediately and purchase tickets only in cash from now.

The government earlier this month decided to sell Air India to Tata group for Rs 18,000 crore.

The Department of Expenditure, under the Finance Ministry, in a 2009 order, had said that in cases of air travel (both domestic and international), including LTC where the Government of India bears the cost of air passage, the officials may travel only by Air India.

The Expenditure Department in its Wednesday order said the process of disinvestment of Air India and Air India Express is ongoing, and the airline has stopped extending credit facilities on account of air tickets.

On October 25, the government signed the share purchase agreement with Tata Sons for the sale of national carrier Air India. Tatas will now seek various regulatory clearances before the handover of the airline by December end.

The deal involves a 2,700 crore cash payment and takeover of the airline's Rs 15,300 crore debt.

The government is divesting its 100 per cent ownership of Air India and Air India Express along with its 50 per cent stake in ground-handling company AISATS.

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