Air India’s disinvestment exercise is likely to complete within the next 10 weeks and only necessary revenue and capital expenses should be carried out till then, Civil Aviation Secretary Rajiv Bansal said on Thursday.
Bansal, who also holds the charge of Chairman and Managing Director of Air India, in an order said the airline’s disinvestment process is in its final stages and letter to intent has been already issued to the Tata group.
“It is important to note that all revenue or capital expenses be carried out only to the extent necessary for the continuity of business till the disinvestment exercise is complete, which is likely to happen within 10 weeks or so,” he said.
