The government has decided to sell its entire 100 per cent stake in Air India under the proposed disinvestment process, Union minister Hardeep Singh Puri said on Thursday.
The national carrier, which has a debt burden of more than Rs 50,000 crore, has been making a loss for long and as part of revival efforts, the government has decided on disinvestment.
“After the formation of the new government, Air India Specific Alternative Mechanism (AISAM) has been reconstituted and the re-initiation of the strategic disinvestment of Air India has been approved.
“AISAM has approved the 100 per cent sale of Government of India stake in Air India for the re-initiated strategic disinvestment of Air India,” the Minister of State for Civil Aviation said in a written reply to the Lok Sabha.
