New Delhi: Air India can no longer remain under Government ownership and must be privatised with a strategic airline partner, says a white paper on the Indian aviation Industry prepared by the Associated Chambers of Commerce and Industry of India (Assocham).
“A strong foreign airline should be inducted as a 26 per cent and eventually 49 per cent strategic partner,” the paper says. “As Air India has turned around and emerges as a viable and competitive airline, the Government can further divest its stake to 26 per cent with the balance 25 per cent being held by private Indian interests or other stakeholder public sector units.”
It further recommends the setting up of a council for the future of the airline and establishing a plan within six-to-nine months, outlining the circumstances under which the privatisation will be possible as also the structure of the privatisation model.
23/11/14 Ashwini Phadnis/Business Line
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“A strong foreign airline should be inducted as a 26 per cent and eventually 49 per cent strategic partner,” the paper says. “As Air India has turned around and emerges as a viable and competitive airline, the Government can further divest its stake to 26 per cent with the balance 25 per cent being held by private Indian interests or other stakeholder public sector units.”
It further recommends the setting up of a council for the future of the airline and establishing a plan within six-to-nine months, outlining the circumstances under which the privatisation will be possible as also the structure of the privatisation model.
23/11/14 Ashwini Phadnis/Business Line
