Air India stake sale plan shelved, alternatives being worked on: government

FILE PHOTO: An Air India aircraft takes off from the Sardar Vallabhbhai Patel International Airport in Ahmedabad, India, July 7, 2017. REUTERS/Amit Dave/File Photo

NEW DELHI, (Reuters) – India has shelved a plan to sell a 76 percent stake in ailing state-owned carrier Air India due to lack of interest from bidders and the airline is now reviewing its funding needs to remain competitive, a government official said on Wednesday. The government is still committed to privatizing Air India […]

Continue reading this article with a Fiji Times online membership.

More Stories