Air India divestment process gets underway, but no timeframe fixed yet

The process of Air India’s divestment is underway with all issues regarding the divestment being taken on board by the Administrative Mechanism of Ministers at its first meeting here on Thursday, Hardeep Puri, Minister for Civil Aviation, said.

“It was a productive meeting. We will take all decisions in a defined period of time. The next meeting will be held soon,” Puri told the media. The meeting was attended by Home Minister Amit Shah and Ministers for Finance, Commerce and Railways, apart from Puri.

Puri declined to get into specifics such as the quantum of Foreign Direct Investment that will be allowed into Air India, the debt the government was willing to transfer to a special purpose vehicle or the timeline for the government to actually kick start the process.