The government of India is planning to revive the privatisation of Air India.
Last year, the government raised ₹77,417 crore from sale of its stake in public sector units and is expecting higher returns from a well-planned disinvestment process this year. In 2018, Air India privatisation plan was shelved after it failed to attract any bidders.
However, the government has drawn out new strategies for the sale. These include selling subsidiaries, like Air India Air Transport Service Ltd (AIATSL), Air India Engineering Services Ltd (AIESL), land and building assets of Air India to cut down ₹29,000 crore debt burden of the national carrier.
Meanwhile, the government will also continue to infuse funds into the airline to keep it viable.
The subsidiaries and assets are expected to fetch the government ₹9,000 crore (approx.). airindia.in
Jessica Goel
