Time right to restart Air India’s privatization process, says government

NEW DELHI: The environment is now conducive to restarting the process of privatising Air India Ltd and the failure of Jet Airways (India) Ltd to secure an investor will not affect the disinvestment of the flag carrier, said Atanu Chakraborty, secretary of DIPAM (Department of Investment and Asset Management).

“If an oil firm like (Saudi Arabia’s) Aramco feels that it can make its public issue, then certainly those who use the product can consider hitting the market,” Chakraborty said in an interview on Thursday.

Saudi Arabia is resuming plans for a potential initial share sale of oil giant Aramco, months after putting the planned listing on hold, Bloomberg reported earlier this month.