Top

Air India to be divested by 2018-end, says Jayant Sinha

Arnima Dwivedi

Arnima DwivediBy Arnima Dwivedi

Published on 2 Feb 2018 11:39 AM GMT

Air India to be divested by 2018-end, says Jayant Sinha
X
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print
  • Facebook
  • Twitter
  • Whatsapp
  • Telegram
  • Linkedin
  • Print

New Delhi: The central government plans to divest its stake in the national passenger carrier Air India by the end of 2018.

According to the Minister of State for Civil Aviation Jayant Sinha, the Air India group will be divested as four different entities and that the "information memorandum" will be issued in sometime.

Also Read: Budget philosophy in overall national interest: Arun Jaitley

Speaking a day after the Union Budget 2018-19, Sinha said that the government plans to select the winning bidders by June 2018 and that the four different entities will be handed-out by December 2018.

Further, Sinha disclosed that the a foreign airline has show interest in Air India.

--Inputs from IANS

Arnima Dwivedi

Arnima Dwivedi

A journalist, presently working as a sub-editor with newstrack.com. I love exploring new genres of humans and humanity.

Next Story