The Indian government on Monday 27 January 2020 said it is planning to sell its entire interest in Air India Ltd.
The announcement follows the government’s failed effort in 2018 to sell a majority stake in the airline.
Air India has 121 aircraft in its fleet as of 1 November 2019.
What is being kept aside is all the Air India artefacts, paintings, key buildings such as the Air India Building at Nariman Point in Mumbai and the headquarters building in central Delhi. Apart from that, the hotels owned by Air India under the Centaur brand, 100 percent stake in Air India Engineering Services Ltd (AIESL)—Air India’s 100 percent owned ground handling company and Alliance Air, which is the regional airline under Air India, will be carved out of the Air India Limited before the sale.
Via: EPA-EFE
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