I think that zero interest in the sale has demonstrated to the people that tough action towards a turnaround is needed. Air India is headed by a Chairman and Managing Director (CMD) while there is no particular post of Chief Executive Officer (CEO). The transaction would involve Air India, its low cost arm Air India Express and Air India SATS Airport Services Pvt Ltd. In nearly two decades, this is the second time that Air India stake sale has not taken off. Now, the alternative mechanism headed by the finance minister would decide on the future course of action for Air India.

Source: dna June 01, 2018 12:11 UTC