Govt looks past airlines for Air India sale
  • 6 years ago
The eligibility criteria for the strategic disinvestment is only financial and does not require investors to have prior experience in the aviation sector. Emphasis on allowing other investors to bid in the Air India privatisation process comes after some airlines, including IndiGo and Jet Airways, dropped out. Financial prudence displayed by the government makes private investors, key players in economic growth and that the process of disinvestment in state-owned enterprises offers an investment opportunity to them. So far the department of investment and public asset management has received a lot of queries regarding Air India privatisation from prospective airline and non-airline investors.