NRIs may be allowed to bid for 100% stake in debt-laden Air India

The current rules allow 100 per cent stake sale of Air India, provided substantial ownership and effective control remains with the Indian partner, an official said

The government is likely to allow Non-resident Indians (NRIs) to bid for 100 per cent stake in Air India. A subsequent clarification will be issued as expression of interest (EoI) for the airline didn’t have that explicitly written. The government is not looking to change the rules regarding foreign direct investment (FDI) in the aviation sector, a senior official, said. The current rules allow 100 per cent stake sale of Air India, provided substantial ownership and effective control remains with the Indian partner, he said. But a clarification would be issued by the government soon to end the confusion, the