Indiaherald Group of Publishers P LIMITED

close save
crop image
Wed, Aug 21, 2019 | Last Updated 9:50 pm IST

Menu &Sections


Govt wants a suitable buyer for Air India

Govt wants a suitable buyer for Air India
Govt wants a suitable buyer for Air India

Reportedly notwithstanding the opposition being raised by the employees of Air india, the government appears to keen on moving ahead with the disinvestment in the national carrier. Meanwhile the first signs came when the Finance Minister Nirmala Sitharaman made it clear in her budget speech in Parliament that the government has intentions of selling off the airline. Furthermore the huge target of over Rs 1 lakh crore that the FM set for disinvestment cannot be achieved if it does not include Air india.

Govt wants a suitable buyer for Air India

It is now being reported that the government wants to find a suitable buyer as soon as possible and will roll out road shows to highlight the virtues of taking over the airline. Furthermore the government has expressed its willingness to even meet with the interested buyers, if required, even if they have not joined in the expression of interest race. Apparently the prospective bidders may be allowed to inspect portions of the airline’s accounts apart from the proposed agreement for purchase of the shares.

Moreover these details have been reported out of information provided by sources and not exactly confirmed by either Air india officially or any government sources. According to these sources, the government may allow the bidders to offer their suggestions for changes in the terms of the agreement. Moreover it may be recalled that the government made one attempt at trying to partially disinvest in Air india but did not succeed. It is then that the government reviewed the decision.

Govt wants a suitable buyer for Air India
5/ 5 - (1 votes)
Add To Favourite
More from author
Why Chandrababu Naidu asked to vacate house?
Hyderabad Police Commissioner plans for Celebration of Ganesh Chathurthi festival
Sreesanth eligible for selection in Indian cricket team from September 2020
What did Saudi Crown Prince spoke to Imran Khan about Kashmir issue?
Priyanka Gandhi speaks up in support of Chidambaram
Why Jayalalitha's Niece wants her party to merge with AIADMK?
Chidambaram's anticipatory bail to be reviewed by SC on Friday
Kerala Doctors warns people of Fungal Infections after floods
Kapil Dev announced Ravi Shastri as Head Coach of India cricket until T20
Indefinite strike from August 21 by TN Private Water Tankers Association
Zomato partnered with FarEye, fastest growing digital logistics companies
75th Birth Anniversary of Rajiv Gandhi celebrated at his Memorial today
PM Modi's visit to Bahrain will be first ever Prime Ministerial visit from India
CM YS Jagan's speech at Dallas inspires Many
Why Mike Tyson spends in Weeds every month?
SBI planning to float an initial public offer for its credit card subsidiary, SBI Cards
Telangana Revenue Department perceived as one of the most corrupt in the state
PM Narendra Modi gives assurance for the growth of Auto sector
Karnataka in need of more Central Aid for flood relief
Vistara benefited after closure of Jet Airways
Congress never revoked Article 370 in the greed of vote bank: Amit Shah
BJP MPs Son taken to Police Station for drunken driving
About the author

Bharath has been the knowledge focal point for the world, As Darvin evolution formula End is the Start ... Bharath again will be the Knowledge Focal Point to the whole world. Want to hold the lamp and shine light on the path of greatness for our country Bharath.