TIL Desk/Business/New Delhi/ In the wake of its proposed privatization, the government has asked Air India to put a freeze on large-scale promotion and appointments. A new flights has to be started only when it is extremely necessary and after due diligence from commercial aspect.
“The direction came almost a week back. It says that due to impending privatization, no major initiatives have to be taken up. There will be freeze on appointments and promotions,” an official source told. The direction has come from the Department of Investment and Public Asset Management or DIPAM.
After failing to find a bidder in its previous term, the Modi 2.0 government is working on war-footing to sell Air India to a private player. It has already reconstituted the group of ministers (GoM) to decide the course of privatization.
