Air India for sale?1 min read 24 Mar 2016, 12:48 AM IST
There is definitely merit in pursuing such a proposal; disinvestment in Air India is long overdue
A denial from the government was quick to arrive after a news agency reported on Wednesday that the administration is considering selling a 49% stake in debt-laden Air India. There is definitely merit in pursuing such a proposal; disinvestment in Air India is long overdue. And with the sector’s prospects looking better due to lower crude oil prices, the chances of getting a better valuation are also high. In fact, the government would do well to sell a controlling stake in the airline for reasons that are well understood.