The government has unveiled plans to sell up to 76 per cent stake in the debt-laden national carrier, Air India, and transfer its management control to private players.
"Maruti today is nearly a Rs 3-lakh crore company and it is Indian wealth and the same thing would happen in Air India", he said. "Slots can be utilized to take benefit of India's favorable geographic position in global air travel market and develop hub for worldwide operations".
However, companies with net zero or negative worth could also participate, provided they form a consortium whose collective worth is Rs 5,000 crore.
Prime Minister Benjamin Netanyahu has also hailed the new Air India route as "historic".
As well, the PIM had revealed that a "confirmed selected bidder" will be required to be invested in the airline for at least three years and keep "substantial ownership and effective control" of both Air India and Air India Express vested with Indian nationals.Читайте также: Former Michigan State University dean arrested in Nassar fallout
Further, the new owners of Air India would immediately get a 12.2% domestic market share and a 10.37% share of India's global air traffic market.
Once the ESOP pool is created for its employees, the government stake may fall below 20 percent, Sinha said, adding that the move would give employees a chance to take part in the future growth of Air India.
Accordingly, one of the four entities will include Air India, its budget subsidiary Air India Express and gateway services and food solutions units AI-SATS.
Companies including low-priced Indian carrier IndiGo, owned by InterGlobe Aviation, Tata Group and Turkey's Celebi Aviation Holdings, have expressed an interest in buying some of Air India's operations.
El Al is trying to force the rescindment of Air India's permit to operate its new Delhi-Tel Aviv service on short routes unavailable to the Israeli flag-carrier. What happens on 28th May, when qualified interested bidders are invited to the second stage of bidding is anyone's guess.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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