Investor outreach for Air India sale on: Minister Puri


By Nirbhay Kumar

New Delhi, Nov 19 (IANS): Making forward movement on Air India disinvestment, the government is meeting potential investors to sell off almost its entire equity stake in the national carrier.

"Currently, the investor outreach programme is on. Air India CMD, Aviation Secretary and other concerned officials are meeting potential bidders," Civil Aviation Minister Hardeep Singh Puri told IANS.

The minister said the first meeting of the Group of Ministers (GoM) has met earlier and taken some decisions.

He hinted that disinvestment exercise was very much on course and can happen soon.

Asked if there were still hurdles such as FDI rules in the way of Air India disinvestment, the Minister said he was not aware of any.

The government has decided to almost completely exit the airline saying the financial support being provided to the airline could be put to better use such as building social infrastructure.

This will be the second attempt by the Modi government to disinvest Air India as it failed to get any bid from private parties during the initial stake sale process last year.

  

Top Stories

Comment on this article

  • Charles D'Mello, Pangala

    Tue, Nov 19 2019

    Air India and Indian Airlines ...both are to be sold. And all the politicians are to be made to book flight tickets well in advance and reservation to the politicians is to be removed in all national Airlines, Trains and Road transports. They are to made to pay from their pocket. If they cant plan their travel, how they can plan the development of India.....!!!!!??????

    DisAgree Agree [4] Reply Report Abuse

  • Save My India, India

    Tue, Nov 19 2019

    Politicians have only one agenda,
    Fill their pockets from day one in office.

    DisAgree Agree [2] Reply Report Abuse


Leave a Comment

Title: Investor outreach for Air India sale on: Minister Puri



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.