- Saturday, April 20, 2024
By: Sarwar Alam
India has shelved a plan to sell a 76 per cent stake in state-owned carrier Air India due to lack of interest from bidders, a government official said on Wednesday (20), marking the latest setback in its ambitious efforts to rescue the ailing airline. Air India is now reviewing its funding needs and weighing ways to remain competitive, junior civil aviation minister Jayant Sinha told reporters at a briefing, adding the government is still committed to privatising the airline. The decision to pull the plug on the plan came after India last month failed to attract buyers for the government’s stake in the debt-laden carrier, in a…
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