Air India IPO to come at 'appropriate time': Govt

New Delhi: The Government on Tuesday said the initial public offering (IPO) of the national carrier Air India would come 'at an appropriate time' after looking at the performance of the airline.
"We will have to see the performance of Air India for the timing of the IPO. The IPO would come at an appropriate time," Mr Ashok Chawla, Civil Aviation Secretary said here.
The public issue of the airline is to come after the complete merger of state-run airlines Air India and Indian, slated to happen by the first half of 2009.
Mr Chawla hoped the current stock market volatility may subside by the time of the launch of the IPO and said the Government was not confronted with the question of deferring the IPO.
"There is no question of deferring or not deferring the IPO at the moment," he said.
18/03/08 Business Line

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