New Delhi: The government is readying to shed between 51% and 100% stake in Air India and has listed four possible options for divestment in the national carrier in the draft inviting expressions of interest.
The EoI document is likely to be out by the first week of March.
“There are four options in the EoI draft — the government can keep 49%, 26%, 24% or 0% stake in Air India post divestment,” said a senior aviation ministry official, who did not wish to be identified.
The alternative mechanism — headed by finance minister Arun Jaitley, formed to guide the ailing airline on privatisation — could also look at options beyond this, the official said.
The draft expression of interest also talks about barring the future owners from firing employees immediately after takeover, he said. The issuance of the EoI document on Air India will kick-start the process of privatisation of Air India, which the government wants to finish by the end of 2018.
22/02/18 Mihir Mishra/Economic Times
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The EoI document is likely to be out by the first week of March.
“There are four options in the EoI draft — the government can keep 49%, 26%, 24% or 0% stake in Air India post divestment,” said a senior aviation ministry official, who did not wish to be identified.
The alternative mechanism — headed by finance minister Arun Jaitley, formed to guide the ailing airline on privatisation — could also look at options beyond this, the official said.
The draft expression of interest also talks about barring the future owners from firing employees immediately after takeover, he said. The issuance of the EoI document on Air India will kick-start the process of privatisation of Air India, which the government wants to finish by the end of 2018.
22/02/18 Mihir Mishra/Economic Times
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