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The government is committed to expediting the process of Air India's disinvestment and is likely to invite Expressions of Interest (EoIs) from interested parties in the next few weeks, an official said today.
Speaking here at the inaugural ceremony of the four-day aviation event 'Wings India 2018', Civil Aviation Secretary R N Choubey said a revised EoI for disinvestment in Pawan Hans is also expected to be floated around the same time.
"Our ministry is presently engaged in the important task of finding buyers for Air India, its subsidiaries and Pawan Hans. We are committed to take it forward very very fast," he said.
Last year in June, the Union Cabinet had approved privatisation of the debt-laden national carrier, which is staying afloat on taxpayers' money.
Choubey said India's domestic air passenger traffic has grown over 20 per cent in the last three years. However, because of the increasing oil prices, the growth this fiscal is expected to be around 17.5 per cent.
The government's regional air connectivity scheme 'Udan' has further boosted traffic growth in the country, Choubey said.
"As many as 56 new airports have been added into the network in the last two years," he said.
Besides, many more airports are expected to be operational in the next six to eight months as by that time the second phase of Udan will also take off, he added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)