Indian government to privatise up to 60% of Air India

The Indian government plans to sell up to 60% of Air India, but will it be prepared to relinquish managerial control and let the layoffs commence?

The Indian government has unveiled plans to sell up to 60% of Air India, with up to 40% earmarked for sale to a strategic partner, subject to a 26% ceiling for foreign parties, and 20% for employees and domestic investors. Furthermore, there is a suggestion managerial control will be put into the hands of the private sector partner, though it remains to be seen whether or not India's government can stomach private sector efficiencies.

Loss-making Air India has...

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