AI likely to become listed co; may divest equity to public

New Delhi: The Economic Survey 2008-09, tabled in Parliament on Thursday, could pave the way for Air India to not only become a listed company but also divest some of its equity to the public.
The Survey calls for listing all unlisted public sector enterprises and sell a minimum of 5-10 per cent equity to the public.
At the moment, Air India is an unlisted public sector enterprise.
The Survey also shows that while there was a five per cent decline in the number of passengers flown by the domestic airlines in 2008 compared to the previous year, domestic cargo movement saw a growth of 14.5 per cent.
03/07/09 Business Line

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Categories: NACIL Jul 2009