Sunday, July 15, 2018

IATA Chief Questions Prospective Investor’s Leeway In Running Air India

With Air India disinvestment failing to take off, global airlines’ grouping IATA has said that a carrier has to be “nimble and flexible”, even as he wondered how much leeway an investor would have in managing a government-owned airline.

The proposed 76 percent stake sale in Air India did not attract any bidders at the end of May and there were speculations in certain quarters that government’s decision to retain stake in the debt-laden carrier might have kept away potential investors.

The government would be in a better position to analyse why the Air India stake sale process failed, International Air Transport Association Director General and Chief Executive Alexandre de Juniac told news agency PTI in an interview.

Responding to the query related to the failed Air India disinvestment process, he also remarked, “how much leeway would an investor of a government owned airline have in managing the airline as a normal business?”
15/06/18 PTI/Bloomberg Quint