Air India stake sale process well on track, says Jayant Sinha

As soon as we have the go ahead from the alternative mechanism, the EoI will be issued: Sinha

Union Minister of State for Civil Aviation Jayant Sinha on Friday said the government was well on track to complete the stake sale process in Air India by the end of this calendar year as was decided earlier.

"Our timelines are very clear and our goal is to award it (Air India) by the end of June and to have the whole transaction closed and done and transfer of airline to the private sector by the end of this calendar year. Those are the DIPAM (Department of Investment and Public Asset Management) timelines," the minister said when asked if the