Modi government to review its Air India divestment plan after it turned out to be a flop show with zero bidders. Economic affairs secretary Subhash Chandra Garg told reporters that the government will make changes to its Air India plan. The transaction will involve Air India, its low cost arm Air India Express and Air India SATS Airport Services Pvt Ltd. In April, both IndiGo and Jet Airways had said that they would not be participating in the Air India disinvestment process. IndiGo was the first to evince interest in Air India disinvestment when the government had mooted the plan last year.

Source: dna June 01, 2018 11:26 UTC