The government has reportedly revived the plan to go in for a strategic sale of Air India and has asked the Air India management to finalise the financial accounts of the airline and its subsidiaries for 2018-19 by the end of June. A new expression of interest to invite bids is expected to be in the public domain within a month’s time.
This is encouraging news, because the sale of Air India has been hanging fire for a very long time and successive governments have failed to find a breakthrough. As a result, Air India has continued to be a drag on the taxpayers’ account. For ...
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