(TOI)
Finance Minister Arun Jaitley on Wednesday indicated that an expeditious decision would be taken on Air India disinvestment, with at least two parties having formally expressed interest in buying stake in the national carrier.
A group of ministers, headed by Jaitley, is working on the modalities of the strategic disinvestment of debt-laden Air India, which has been making losses for long. “These decisions are to be taken expeditiously but in their normal course,” Jaitley told reporters in response to a query about the Air India stake sale process.
The Union Cabinet had in June given in-principle approval for strategic disinvestment of the carrier and its five subsidiaries.
