Buyer can change name of Air India

New Delhi: The government has made up its mind to hand over government-owned airline Air India under the burden of debt. For this, the central government is going to change the rules made earlier. Under this, whichever group will buy Air India, can change its name. In March 2018, the government made a rule that after the sale, the buying company would not be able to change the name of Air India for three years. But now in the second phase this rule will be removed completely.

Due to this rule, many companies had expressed their desire to buy Air India earlier, but later withdrew from buying it. According to a report published in an English newspaper, the government is also considering removing the proposal for merger. Now whichever group will buy Air India, it will be able to merge it with the already running company. While the government was earlier selling 76 per cent stake, now it is preparing to sell 100 per cent stake. This will completely end the government's interference with this airline.

In August, Indian Oil Corporation Limited (IOCL), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited (HPCL) said that Air India's outstanding fuel bill had reached Rs 5,000 crore, which had not been paid for almost eight months. went. On August 22, IOC, BPCL and HPCL stopped fuel supply to Air India at six airports at Kochi, Mohali, Pune, Patna, Ranchi and Vizag due to non-payment in full. However, the oil companies have decided to continue supplying the oil at the moment.

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