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Overseas carriers unlikely to be allowed over 49% stake in Air India
By IndianMandarins- 16 Jan 2020
658The government is trying hard to sell stakes of Air India but overseas carriers are unlikely to be able to bid for more than 49 per cent of the national career. They won’t also get full operational control as Union civil aviation ministry has rejected a proposal to relax the Substantial Ownership and Effective Control (SOEC) clause. The Centre wants to privatise the state-owned national carrier but it failed to sell stakes of Air India in 2018. The new owner of Air India will offer a VR) to employees. As per the approved plan, Air India will be put on sale along with low-cost international subsidiary Air India Express as well as a 50 per cent stake in ground-handling company Air India Singapore Airport Terminal Services. Alliance Air and the ground handling and engineering subsidiaries will be sold separately.
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Overseas carriers unlikely to be allowed over 49% stake in Air India
By IndianMandarins - 2020-01-16 12:05:00
The government is trying hard to sell stakes of Air India but overseas carriers are unlikely to be able to bid for more than 49 per cent of the national career. They won’t also get full operational control as Union civil aviation ministry has rejected a proposal to relax the Substantial Ownership and Effective Control (SOEC) clause. The Centre wants to privatise the state-owned national carrier but it failed to sell stakes of Air India in 2018.
The new owner of Air India will offer a VR) to employees. As per the approved plan, Air India will be put on sale along with low-cost international subsidiary Air India Express as well as a 50 per cent stake in ground-handling company Air India Singapore Airport Terminal Services. Alliance Air and the ground handling and engineering subsidiaries will be sold separately.
