New Delhi: Senior IAS officer Rajiv Bansal has been appointed as the new Chief Managing Director of Air India, replacing Ashwani Lohani. Bansal is a 1988 batch Nagaland cadre IAS officer. Presently, he was the Additional Secretary of the Ministry of Petroleum and Natural Gas. Rajiv Bansal has been appointed in his place after the term of Ashwani Lohani ends.
Rajiv Bansal has a huge responsibility to properly disinvest Air India. The government had announced to sell 100 per cent stake in Air India. March 17 is the bid submission date. After that further process will be adopted. Let me tell you that last year the government had decided to sell 76 percent stake, but it could not get investors.
Talking about Ashwani Lohani, he was brought back to Air India in February 2019 with the intention that he would cross the fleet of the sinking Air India, but he failed. Lohani was also made the head of Air India from August 2017 to September 2017.
Air India has a debt of about 80 thousand crores. Air India had a net loss of Rs 8,556 crore in the financial year 2018-19. On 7 January, a group of ministers headed by Home Minister Amit Shah approved the proposal for privatization. The government holds 100% shares in Air India and Air India Express.