Govt to sell 100% stake in Air India Express, 76% in Air India Limited
Govt to sell 100% stake in Air India Express, 76% in Air India Limited The government approved the strategetic disinvestment of the state-owned carrier Air India on Wednesday. The government is looking forward to sell 76% of its equity stake in the airline, the reports “The Government of India has given an ‘in-principle’ approval for the strategic disinvestment of AI by way of the transfer of management control and sale of 76% equity share capital of AI held by GOI, which will include AI’s shareholding interest in the AIXL and AISATS,” said a preliminary information memorandum released by the government. The government will offload 100% of its stake in Air India Express (AIXL), 76% in Air India Limited and 50% equity stake in Air India SATS Airport Services (AISATS). The civil aviation ministry has invited expressions of interest for the loss-making carrier by 5 pm on May 14. -PTC News
