Parliamentary panel may oppose disinvestment of AI

New Delhi Jan 7: The parliamentary Panel may submit its report on the proposal of disinvestment of Air India . The panel may suggested that should be given at least five years to revive and its debt written off .

The panel is of the view that "the equity infusion in the national carrier, as part of the turnaround plan (TAP), was made on a "piece meal basis", adversely affecting its financial and operational performance and "forcing" the airline to take loans "at a higher interest rate to meet the shortfall".

The panel has said that "At the end of TAP period, government may evaluate the financial and performance status of Air India and take a decision accordingly."

The parliamentary committee may also submit that it"strongly feels that it will not be appropriate at this stage to disinvest when Air India has started earning profit from its operations."