MoCA to issue expression of interest for Air India disinvestment within next few weeks

Hardeep Singh Puri, Minister of State, Ministry of Civil Aviation (MoCA), has said that MoCA will be issuing expression of interest for Air India disinvestment within next few weeks. Talking about Air India disinvestment, he revealed, “Air India is a national asset and the Maharaja is a great brand. The problem with Air India is that it has an unsustainable debt. We tried two years ago for the same, which proved to be less successful, and we have learnt from the same. It is our endeavour now that we will be issuing an expression of interest in the coming few weeks, hopefully sooner or later, and that the process of privatisation will then follow. We should ensure that we find a buyer and we have to deal with an interim process,” he said.