No disinvestment of AI, AAI: Praful Patel | india | Hindustan Times
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No disinvestment of AI, AAI: Praful Patel

india Updated: Jul 09, 2009 13:51 IST

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The government on Thursday ruled out disinvestment of Air India (AI) and Airports Authority of India (AAI).

"There is no proposal for disinvestment of AI and AAI," Civil Aviation Minister Praful Patel told the Lok Sabha during Question Hour.

To a question whether the government was considering Initial Public Offer (IPO) for the national carrier, Patel said "Presently, there is no such proposal."

When members raised the issue of development fees being levied in privatised airports such as in Delhi and sought abolition of such fees, he said the government had already constituted the Airport Economic Regulatory Authority (AERA) entrusted with the responsibility of deciding on the issue.

Members pointed out that while it was the responsibility of private players to develop the airports, they were charging the passengers for the work.

They suggested that private companies should develop them from their own funds and once they complete the works, they could charge development fees as toll levied for newly-built roads.