Air India privatisation: Govt may consider 49% stake sale in national carrier

ndia is to examine the possibility of selling up to 49 percent of loss-making national carrier Air India, news agency NewsRise Financial reported on Wednesday, citing an unnamed official.

hidden March 25, 2016 17:31:05 IST
Air India privatisation: Govt may consider 49% stake sale in national carrier

New Delhi: The government  is to examine the possibility of selling up to 49 percent of loss-making national carrier Air India, news agency NewsRise Financial reported on Wednesday, citing an unnamed official.

Air India privatisation Govt may consider 49 stake sale in national carrier

Representational image. PTI

The government plans to form a four-to-five member panel, made up of officials from the finance ministry, the civil aviation ministry, the cabinet secretariat and the company, to consider selling a stake in Air India to meet its revenue target from state asset sales next fiscal year, according to NewsRise.

Indebted Air India, which last made an annual profit in 2007, has seen its market share shrink in recent years amid rising competition from private carriers. It is now India's third-largest airline by market share.

Reuters

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