Indian Government Looks To Divest Air India
The significant employee rolls are a deterrent for many buyers, analysts say.
The government of India is looking to divest Air India and sell 76 percent of its capital to an outside buyer.
The government of India is looking to divest Air India and sell 76 percent of its capital to an outside buyer.

The Indian government on March 28 released a global invitation of expression of interest (EOI) for strategic disinvestment of Air India through transfer of management control and sale of 76 percent equity share capital. It includes Air India's shareholding interest of 100 percent in Air India Express and the 50/50 joint venture, AISATS. Observers expect the May 14 deadline to be extended as bidders find their queries caught in a labyrinth of complex internal processes, the major issue related to whether some 38,000 staff come with the package. The goal is to close the deal by year-end.


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