After a failed attempt last year, Air India is all set to go under the hammer yet again with the government planning to call interested parties after Diwali for a 100% stake sale in the national carrier.
Air India is hopeful of a sale this time around despite choppy market conditions and its hopes have been bolstered after it mopped up Rs 21,985 crore by way of bond issues in the last one month.
“Something will happen shortly. The process (of divestment) should start very soon with the release of EoI. Once the EoI is issued, we hope there will be buyers this time as we have made lot of changes that could attract other airlines in the yet-to-be released document,” a top official aware of the development told DH.
