Indian government to privatise up to 60% of Air India

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.