Airlines News

Gov’t ready to sell a 95% stake in Air India – report

The Indian government has agreed in principle to increase the stake in Air India (AI, Mumbai Int’l) available for privatisation to 95%, The Business Standard has reported.

A committee led by Cabinet Secretary P. K. Sinha will present its report paving the way for a new privatisation attempt by the end of August 2019. Subject to approval by the appropriate ministerial commissions, the government will seek to almost fully divest from Air India.

The report foresees a call for Expressions of Interest in early October 2019.

The government plans to…

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