Foreign player shows interest in buying Air India stake
The route for foreign investment was paved earlier this month when the government tweaked rules to allow foreign airlines to own as much as a 49 per cent stake in the national carrier.
A foreign player has expressed interest in acquiring a 49 per cent stake in Air India’s airline arm. “The government has received an expression of interest from a foreign player, but we cannot reveal its identity now. We don’t know whether, at this stage, the foreign player wants to make any information public,”a civil aviation ministry official said.
Notably, Singapore Airlines has showed interest in AI’s disinvestment process. There are reports about Qatar Airways showing interest in Air India. For long it has wanted to pick up a stake in IndiGo to launch a domestic airline in India.