Senior IAS officer Rajeev Bansal has been made the Chairman and Managing Director (CMD) of Air India. He is a 1988 batch IAS officer of Nagaland cadre. Bansal has been appointed in his place after Ashwani Lohani's time period ends.
He was presently Additional Secretary within the Ministry of Petroleum and Natural Gas. Rajiv Bansal has a giant duty for disinvestment of Air India. The authorities introduced within the price range to promote 100 p.c stake in Air India. March 17 is the bid submission date. Further course of will probably be adopted hereafter.
Lohani's time period was over
Ashwani Lohani was introduced again to Air India for the aim of crossing the fleet of the sinking Air India, however he failed. <! –
Lohani was additionally made the pinnacle of Air India from August 2017 to September 2017. The post of CMD of Air India was vacant after the completion of Ashwani Lohani's time period.
Government has 100% stake
Air India is steeped in debt of a number of thousand crores. Air India had a major loss within the monetary 12 months 2018-19. Last month, the Group of Ministers, chaired by Home Minister Amit Shah, authorized the proposal associated to privatization. The authorities has 100 p.c shares in Air India and Air India Express.