Air India may not be sold, if the price is not right: Official

The government may not sell Air India, if it does not get the right price for the airline, said a senior aviation ministry official.

“The government retains the right to sell or not to sell Air India, if the bid price is found to be inadequate,” aviation secretary R N Choubey told reporters.

The government plans to close Air India privatisation process by end of this December.

The government has hired consultants to decide on enterprise value and asset valuers for the airline.

These valuers will give them a floor price for the airline company and if bids are lower than the floor price then the government may decide on not going ahead with the bid.

The government has called bids to sell 76% stake in the national carrier.