The divestment of Air India is like a soap opera where the story takes new twists and turns without reaching anywhere.
The latest twist was provided by the Minister of State for Civil Aviation in the Rajya Sabha on Tuesday, when he told the Upper House that the Air India Specific Alternative Mechanism had approved the re-initiation of the process of the strategic divestment of Air India and its subsidiaries, with 100 per cent sale of the government stake’s in AI, along with Air India Express and AISATS. He further said preparations for a Preliminary Information Memorandum for inviting Expressions of Interest for the strategic divestment of Air India are in process.
