Govt can't keep pouring money into AI, warns Ajit Singh

January 11, 2012 15:02

Giving a clear message to ailing Indian carriers, the government today asked Air India to pull up its socks and become competitive as it "cannot keep on pouring money" and told private carriers that there would be no bailout for them.

"Government is not in a position and will not bail out any private airlines. Air India is a public sector unit, so government has an obligation. But Air India will have to become competitive and restructure their costs... as the government cannot keep on pouring money," Civil Aviation Minister Ajit Singh said today, in his first statement since he took over that portfolio last month.

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