Terms that deterred Air India bidders may be dropped
NEW DELHI: As the government is gearing up to divest its stake in the loss-making national carrier Air India, the pre-existing conditions which prohibited investors from going ahead with the bidding process last year are likely to be dropped.
According to sources, terms and conditions such as the government retaining a 24 per cent share, and not allowing the brand to merge with other airlines, among others, could be removed when the government invites fresh expressions of interest.
