Saturday, July 29, 2017

Air India to fetch a fair price if overseas airlines allowed to bid: Analysts

New Delhi: The government may not be averse to the prospect of allowing overseas carriers to bid for stakes in Air India, according to a senior government official.

“This (sale to foreign airlines) was one of the options suggested in the presentation made to the ministerial panel by the aviation secretary,” said the official. “The ministerial panel did not object to the idea of a foreign partner for the national carrier and foreign airlines could be allowed to bid for the national carrier.” < ..
The discussion took place last Friday at the first meeting of the panel led by finance minister Arun Jaitley that’s looking into possible options for Air India’s disinvestment. Others at the meeting included aviation minister Ashok Gajapati Raju, power minister Piyush Goyal and railway minister Suresh Prabhu.
29/07/17 Mihir Mishra/Economic Times