After its failure to sell stake in Air India last year, the government may make yet another attempt to divest its stake in the debt-laden national carrier, said media report. Meanwhile, the bid to sell Air India’s real estate assets received a lukewarm response.
Accordingly, efforts by the civil aviation ministry and the Department of Investment and Public Asset Management (DIPAM) in the finance ministry are already underway to woo potential investors to invest in Air India when the divestment process begins, said a report in Business Standard quoting people aware of the development.
The government may not hold any residual stake in the airline keeping in view the last year’s unsuccessful privatisation bid. Read More