Wednesday, November 15, 2017

Government wants Air India disinvestment to be completed 'fast': Civil Aviation Secretary R N Choubey

The government wants to complete the stake sale in Air India "fast" and the process of compiling details of the national carrier's real estate assets is already on, a senior civil aviation ministry said today.

As part of efforts to revive the debt-laden Air India, which has been in the red for long, the government is working on the contours of its strategic disinvestment.

A group of ministers is working on the modalities while the transaction and legal advisers for the proposed stake sale are being finalised.

"Our intention is to do it very very fast. On that we are committed. We are serious and we want to do it fast," Civil Aviation Secretary R N Choubey said here today.
To a query about real estate assets of the carrier, he said the process of compiling the details is going on.
14/11/17 PTI/Economic Times