Sunday, December 10, 2017

Government should allow foreign airlines to bid for Air India: IATA chief executive

The Indian government should sell its entire stake in Air India, a top executive at the International Air Transport Association (IATA) said.

In an interview with ET, IATA DG and CEO Alexandre de Juniac said the government's decision to divest stake in the national carrier was a good move.

"We support privatisation of Air India. But the company has to be privatised in right conditions," De Juniac said.

Specifying on the right conditions, he said the government should not keep any stake in the carrier post privatisation.

"For sale process, the government can keep a part stake initially but the government should eventually exit Air India. The government could allow foreign carriers also to bid for Air India. We do not see any problem in countries owning stake in any other carrier, as various global carriers have such stake, recognising that the government have to decide on the limits of it," De Juniac said.
The government has decided to privatise Air India and is in the process of finalising the procedure of its sale.
10/12/17 Mihir Mishra/Economic Times