In India, Modi Government's Union Finance Minister Arun Jaitley has said that the government will disinvestment Air India. I.e. will sell their share. The government is agree on it in priciple. The panel will be created for further processing.

After the cabinet meeting on Wednesday, Jaitley gave this information to the reporters. The loss of Air India is steadily rising and despite all efforts, it can not be controlled. Opposite the government is continuously giving some financial assistance to air travel to some people from the public money. In such a situation, demand for disinvestment has been rising for a long time.

Let Air India's financial position worse than 2007. In 2007, Air India and Domestic Airlines Company Indian Airlines merged with the National Aviation Company Limited. After this merger, the liability of the two companies came on National Aviation Company Limited. In 2010, the name of National Aviation Company Limited was changed to Air India Limited. Since 2007, the airline's economic status has been negative. A plan was prepared to deal with this situation under which the government will has charging Rs 42,182 crore in the airline company within 22 years. However, this investment has been delayed.

In the last five years (FY 2012-2016) where an equity plan of Rs 22,609 crore was to be made, it so far only got Rs 22,280 crore. In such a situation, the Central Government has taken a decision to sell the stake in Air India, which is in debt in the Cabinet meeting.

According to reports, the company is facing a loss of about Rs 52,000 crore.

The government is estimated to earn around 25-27 thousand crore from this disinvestment. Air India's share in the domestic market is around 14%, which is much lower than IndiGo and Jet Airways. Significantly Air India started in 1932 by Jamshed Tata, which was nationalized in 1948.

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