Air India IPO likely in second half of '08: Patel

New Delhi: The government is planning to divest 10% to 15% stake in Air India through a public issue in the second half of 2008. The IPO for the public sector airline has been delayed due to the merger of Air India with Indian to form National Aviation Company (NACL).
Speaking at a meeting here on Friday to announce the launch of India aviation 2008, the first-ever civil aviation air show in the country, civil aviation minister Praful Patel said the government was keen to list Air India and raise funds for expansion of the company.
Mr Patel said the government plans to revive 300 airstrips which are not in operation now. The move is expected to provide connectivity to semi-urban areas and also help corporate houses who are keen to develop supply chain for their retail operations.
The civil aviation minister said revival of unused airstrips would be taken up along with other issues like lowering cost of fuel through tax reductions.
12/01/08 Times of India

To Read the News in full at Source, Click the Headline

Categories: Air India - International Jan 2008, Air India Budget Jan 2008, Air India Domestic Jan 2008, Air India Regional Jan 2008, NACIL Jan 2008