AI sell-off to be revisited after Re, oil stabilise

New Delhi, July 18

The government today re-asserted that it was committed to the disinvestment of Air India, but would revisit it only after oil prices, foreign exchange and other global economic indicators stabilise.

Minister of State for Civil Aviation Jayant Sinha told the Rajya Sabha that the national carrier had shown a considerable improvement in operational and financial parameters in the recent past.

“In view of volatile crude prices and adverse fluctuations in rates, the present environment is not conducive to stimulate interest amongst investors for strategic disinvestment of Air India in near future,” he said.

The government’s plan to sell AI’s 76 per cent stake and transfer management control to private players failed to take off in May. — TNS