Air India privatization expected to garner strong interest: CAPA

MUMBAI: Aviation consultancy firm CAPA India on Wednesday said government’s latest move to divest its stake in national carrier Air India Ltd is expected to garner strong interest, especially from leading global carriers who could potentially tie up with large Indian conglomerates to bid for the airline.

“Interest is likely to be strong this time around. CAPA does not rule out the possibility of some leading global carriers – including those from the Gulf – participating in the tender, in a JV (joint venture) with large Indian conglomerates,” CAPA India said in a report, Divestment of Air India: Revisiting Key Success Factors, which was released on Wednesday.