Civil aviation minister Ashok Gajapathi Raju today said the government wants to make Air India vibrant for which plans on an 'alternative mechanism' was being worked out. The national carrier, entirely funded by government, was making losses and was now in a debt trap due to interest burden. "We want to make Air India a vibrant entity and not to go the Kingfisher way", Raju told reporters here. He said the government was working on an 'alternative mechanism' and all options were being explored. Meanwhile, the department of investment and public asset management (DIPAM) of the finance ministry had decided to go for a strategic divestment route in Air India.

Source: dna December 05, 2017 10:30 UTC