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Air India disinvestment gets in-principle Cabinet approval

Finance Minister announces Cabinet decision in a press briefing in New Delhi

Air India
premium

Air India

BS Web Team New Delhi
The Union Cabinet on Wednesday cleared the sale of government stake in debt-laden Air India, but the final modalities, including the quantum of stake sale, will be decided by a group of ministers, Finance Minister Arun Jaitley announced. 

“The Cabinet has given an "in-principle" approval to the stake sale,” Jaitley told reporters.

 
A group will be set up to finalise modalities and details of disinvestment of Air India, including the quantum of stake sale, Jaitley said.
 
The civil aviation ministry