Wednesday, October 30, 2019

Air India disinvestment: Govt eyes stake sale, launches road show in Mumbai

Air India disinvestment: The government is eyeing potential buyers for state-run Air India and in this regard, the government today launched a road show in Mumbai. A Civil Aviation Ministry official said that through this road show the government will highlight the financial conditions and strengths of the airline to the potential investors. The government is accelerating the disinvestment process, the source revealed. Air India Chairman and Managing Director Ashwani Lohani gave a presentation on Air India through this road show.
This is the second time the Narendra Modi-led National Democratic Alliance (NDA) government is trying to divest the national carrier. This is the first road show in the effort to sell Air India. According to sources, the government may invite Expression of Interest (EOI) for Air India in November. The government aims to complete the disinvestment of the national carrier in the current financial year itself, the source said.
This time, the government may show some select accounts to potential buyers during the negotiation process. There will be meeting on alternative mechanism for Air India disinvestment in November before inviting EOI.
30/10/19 ZeeBiz
To Read the News in full at Source, Click the Headline


Post a Comment