As per the plan, the government will sell 76% stake in the wholly owned national carrier along with 100% stake in low cost international carrier Air India Express Ltd and 50% in Air India SATS Airport Services Pvt. The highest bidder will have to remain invested in the company for three years before any stake sale, except for a compulsory listing of Air India. The government’s residual stake sale in Air India in the market will not be a block sale, said the information memorandum. The Air India sale takes this agenda forward. Prior to the sale, Air India’s other arms such as Air India Engineering Services, Air India Air Transport Services, Airline Allied Services and Hotel Corporation of India will be transferred to another holding company.

Source: Mint March 28, 2018 12:46 UTC