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Government offers 100% stake in Air India

Date: 29 January 2020 Tags: Infrastructure
  • The government has announced sale of 100 per cent stake in debt-laden Air India as it issued the preliminary bid document for the strategic disinvestment.
  • As part of the strategic disinvestment, Air India would also sell 100 per cent stake in low-cost airline Air India Express and 50 per cent shareholding in joint venture AISATS.
  • Management control of the airline would also be transferred to the successful bidder.This is the second time in less than two years that the government has come out with proposal for selling stake in Air India.