MOCA to review plans to sell Air India

Three weeks after not being able to attract any bids for the debt-ridden Air India, The Ministry of Civil Aviation (MOCA) is set to review its plans to divest the national carrier. Speaking at a press conference to announce the initiatives and achievements of the Ministry in the last four years, Suresh Prabhu, Union Minister of Civil Aviation, said, “The government’s plans to change the decision of disinvestment of Air India stands as it is. However, since no bids came till May 31, which was the last date for expression of interest: we will review the conditions of disinvestment. We have a committee headed by Arun Jaitley, Minister of Finance, to review the plans for Air India and regular meetings are being held to come to a decision on that.”