No plan to sell off entire government stake in AI: Minister
New Delhi, Aug 1 : The government has no plans to sell-off its entire stake in Air India, Parliament was told on Wednesday.
Minister of State for Civil Aviation Jayant Sinha informed the Rajya Sabha in a written reply to a question on whether the government is considering to exit from the airline altogether, instead of holding a 24 per cent stake.
"The government has no such plan to exit Air India altogether," he was quoted as saying in the reply.
The government had invited Expression of Interest (EoI) on March 28 this year for disinvestment of Air India including the national carrier's share-holding interest in the Air India Express Ltd and Air India SATS. But it received no response till May 31, the closing day.
"Probable reasons as analyzed by the 'Transaction Advisor, i.e, M/s EY' for non-receipt of bids, inter-alia, are GOI 24 per cent stake and corresponding rights, high amount of allocated debt, changes in macro environment, individuals not being allowed to bid, profitability track record and bidders not being able to form a consortium within given time period," he said in the reply.
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Death toll from Israeli strikes in northeast Lebanon rises from 8 to 24, Lebanese news agency says
Deir al-Balah, Nov 1: Israeli airstrikes on Friday killed at least 24 people in northeastern Lebanon, the country's news agency said, raising the death toll from eight there.
It was the latest deadly toll in the area since the conflict between Israel and the Lebanese group Hezbollah escalated last month.
Israel's military has said that its operation in Lebanon is targeting Hezbollah's military infrastructure.
Lebanon's state National news Agency reported four airstrikes in different villages across country's northeast, saying rescuers were still searching for survivors in Younine, a town in the Bekaa Valley, from the rubble of a targeted house.
Hussein Haj Hassan, a Lebanese lawmaker representing the region in Baalbek-Hermel region, said that 60,000 people have already fled their homes in the area due to Israeli bombardment.
