Doing away with the “substantial ownership” clause will enable an overseas stakeholder weigh in on major decisions of local airlines.
Air India will have to be closed down if not privatised will have "massive financial implications”, said Puri.
In 2018, government put up 76 per cent stake of Air India for sale, which saw a lukewarm response by investors.
IndiGo on Thursday signed a one-way codeshare agreement with Qatar Airways, allowing it to book seats on the former's flights.
Out of the total USD 819 million bridge loan, an amount of USD 135 million will be for B777 plane.
The airline is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores.
IOC, HPCL and BPCL had earlier this month threatened to snap aviation turbine fuel supplies to Air India.
The monthly payment was besides the airline being put on cash-and-carry where it was given fuel only against cash payment.
Taxibot is a robot-used aircraft tractor for taxiing an aircraft from parking bay to runway and vice versa.
The company received bids worth Rs 20,830 crore. AI has decided to accept the entire issue of Rs 7,000 crore, the spokesperson said.