Airlines
Air India on the Sales Block Again
The Indian government plans to offer a 95-percent stake in the debt ridden national carrier.
The sale of Air India would not include ground handling or maintenance services. (Photo: Neelam Mathews)
The sale of Air India would not include ground handling or maintenance services. (Photo: Neelam Mathews)

India’s government will put up for sale debt-ridden national carrier Air India for the second time in a year, but this time with different riders. The Expression of Interest (EOI) released last year offering a 76 percent stake attracted no bidders, so the government has raised the offer to a 95 percent stake in the carrier. It plans to release the EOI in October and intends to conclude the transaction at the close of the current fiscal year, ending in March 2020.


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