IATA: Hope disinvestment will deliver a strong, rejuvenated AI
Global airlines’ grouping IATA on Tuesday expressed hope that the disinvestment process will result in a strong and rejuvenated Air India, which is able to support growth of India’s aviation market.
The International Air Transport Association (IATA) has around 290 airlines as members, including Air India.
Making a second attempt in as many years for strategic disinvestment of Air India, the government on Monday issued the preliminary bid document for 100 per cent stake in the debt-laden airline.
“We hope the disinvestment process will deliver a strong and rejuvenated Air India that is able to support the anticipated growth potential of India’s aviation market,” IATA Assistant Director (Corporate Communications — Asia Pacific) Albert Tjoeng told PTI in an e-mailed statement.
