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Govt comes closer to fully exiting Air India, reaches out to investors

This will be the government's third attempt to sell the debt-laden national airline

Air India
The government has thoroughly analysed the failed sale process of last year and is making changes in the privatisation process based on those lessons

The government has moved closer to a complete exit from Air India, with the committee of secretaries (CoS) led by Cabinet Secretary P K Sinha  agreeing in principle to sell 95 per cent in the national carrier. The proposal will now be put up for approval of the committee of ministers in the next 15 days, it is learnt.  As the message from the top is that the Air India sale must be a success and for that the conditions should be eased, the government is taking several steps that range from reducing the debt burden for the potential buyer to rewriting the rules of the ...