Government Puts Air India Stake Sale On Hold

Sources tell NewsX, the government has decided not to go ahead with Air India stake sale in an election year and will provide required funds for its operations. The decision comes less than 3 weeks after the proposed 76 per cent strategic stake sale in debt-laden national carrier failed to attract any bidder. Sources also add- Air India will very soon get funds from the government for its day to day operations and will even place orders for a couple of aircraft. This decision was taken at the high level meet convened by Minister Jaitley yesterday.