On June 28, 2017, the government gave in-principle approval for disinvesting stake in Air India. The government has set up a group of ministers (GoM), headed by union finance minister Arun Jaitley, which will work out the details. Some of the issues that the GoM will deliberate upon are extent of sale, how to tackle the unsustainable portion of Air India’s debt, eligibility criteria for bidders, hiving-off assets to a shell company, and disinvestment of the airline’s profit-making subsidiaries.
