Civil aviation minister Praful Patel has said that the IPO of the national carrier could be considered in the near future adding after the capital market improves. He also said "But the airline will not lose its public sector character and it will not be privatised". The IPO of Air India will bring in "much-needed liquidity infusion" and also "accountability," the minister said.
The airline is working on a proposal seeking government money to revitalize itself. It is expected to ask for Rs. 1,231 crore as equity infusion and Rs. 2,750 crore as soft loan from the government.
The airline is working on a proposal seeking government money to revitalize itself. It is expected to ask for Rs. 1,231 crore as equity infusion and Rs. 2,750 crore as soft loan from the government.
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