ARTICLE · 21 SEPTEMBER 2018

A total exit by the government from Air India is not possible and neither advisable

Clarus Law Associates

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The failure of the attempted disinvestment of Air India that did not result in any takers and has since been "shelved", was publicly attributed to the condition that the government of India (GoI) would continue to hold 24 percent stake in the airline after disinvestment.

IndiaGovernment, Public Sector

The failure of the attempted disinvestment of Air India that did not result in any takers and has since been "shelved", was publicly attributed to the condition that the government of India (GoI) would continue to hold 24 percent stake in the airline after disinvestment.

For now the plan for disinvestment in Air India has presently been "shelved" and the GoI is considering injecting additional Rs 2000 crores of the taxpayers money into the airline. It is clearly unsustainable and sooner than later a disinvestment of Air India will necessarily have to be undertaken. However, the devil is clearly lurking in the details and till such time as it is unravelled, potential investors will continue to be spooked.

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