• Wednesday, April 24, 2024

Business

India government on global hunt for top professionals to revive Air India

By: Sarwar Alam

The Indian government is actively considering a global search to fill in top positions at the flag carrier Air India, civil aviation minister Suresh Prabhu said. The government has been working on a package for the beleaguered airline after plans to sell a majority stake in the state-owned company failed earlier this year due to a lack of interest from bidders. The sale was key to prime minister Narendra Modi’s plans to help keep the fiscal deficit at 3.3 percent of GDP, a goal which is already under pressure from giveaways to farmers and other welfare benefits ahead of the…

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