Air India sale gathers pace

The expression of interest (EoI) for national carrier Air India sale is likely to be issued early November and roadshows are planned to be held from next week in Bombay and London to generate interest in the airline. This is the Modi government’s second attempt to privatise the airline.

The financial performance of the airline was reviewed by the civil aviation ministry on Friday and the plans for the roadshows were discussed, officials said.

They said the EoI was likely early next month, and the government might offer 100 per cent stake for sale this time around, officials indicated.