Why is the Air India sale important? In April, the central government had invited bids for a 76% stake in Air India Ltd, along with a 100% stake in its subsidiary Air India Express Ltd, and 50% in Air India SATS Airport Services Pvt. Air India has a 42.8% share of international traffic to and from India among homegrown carriers, and a share of 12.3% of the domestic market. The selected bidder was also required to remain invested in the firm for three years before any stake sale. Besides, Air India and Air India Express were to retain ₹33,392 crore of debt.

Source: Mint June 04, 2018 04:30 UTC