Budget: Civil aviation gets Rs 3,224 cr, Air India sale by March ’22

The FM also mentioned about disinvestment of Pawan Hans, the state-owned helicopter company, and noted that the process would be completed in 2021-22.

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Announcing that the disinvestment process of Air India would be completed during 2021-22, Finance Minister Nirmala Sitharaman in her Budget speech said she had allocated Rs 2,268 crore for a special purpose vehicle (SPV) for financial restructuring of the debt-laden national carrier.

As part of budgetary support to the Ministry of Civil Aviation for 2021-22, the FM has allocated Rs 3,224 crore, which is 22 per cent lower than Rs 4,131 crore that was allocated for the current fiscal.

The FM also mentioned about disinvestment of Pawan Hans, the state-owned helicopter company, and noted that the process would be completed in 2021-22.

For the ambitious regional connectivity scheme Udan, the FM has allocated Rs 600 crore, which 14.28 per cent lower than the current financial year. Under the scheme, financial incentives from the Centre, state governments and airport operators are extended to select airlines to encourage operations from un-served and under-served locations and keep airfares affordable.

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