Entities With Sufficient Funds, Ability To Run Air India Can Bid: Finance Minstry


Any entity having adequate finances and ability to run Air India can bid for 76 per cent stake in the national carrier, DIPAM (Department of Investment and Public Asset Management) secretary Neeraj Gupta said today.

The government had last month floated a preliminary information memorandum inviting bidders to buy 76 per cent stake in loss-making Air India along with transfer of management control.

An official in the finance ministry said there has been good response from entities in airline industry as well as corporates for buying stake in the debt-ridden national carrier. Read More…

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