Air India privatisation takes off, government to divest 76% stake

Air India privatisation takes off, government to divest 76% stake

Photographer: Dhiraj Singh/Bloomberg

The government on Wednesday moved a step closer to Air India privatisation by inviting expressions of interest in acquiring a controlling stake in the stricken national carrier. The stake sale will go a long way in helping the government realize its disnivestment target for the year besides finding a solution to the vexed issue of having to continue bailing out the loss-making airline.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter