Process for Air India disinvestment is moving “quite well”: Arun Jaitley

23 September,Mumbai

 

Union Finance Minister Arun Jaitley said the process for Air India disinvestment is moving “quite well” and transaction advisers would be appointed soon.

Speaking at an event in Mumbai Jaitley, who is heading the ministerial group set up to decide on the modalities of the disinvestment said the panel held a couple of meetings and that transaction advisors would be appointed soon.

To revive the loss-making Air India, the Cabinet Committee on Economic Affairs (CCEA) oOn June 28, had given in-principle approval for strategic disinvestment of Air India and five of its subsidiaries.

Last week, the government invited applications for engaging up to two advisers and a legal adviser for the strategic disinvestment of Air India and its subsidiaries.

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