The Air India divestment by the Indian state is to be concluded during “the next fiscal period”. The winning bidder will get the main airline and a 100% stake in Air India Express and 50% stake in Air India SATS, which provides ground handling and cargo services at major domestic airports The privatization of Air India Limited will be completed during the upcoming financial year 2021-22, finance minister Nirmala Sitharaman told Parliament today while presenting the Union Budget. The Tata Group and an employee consortium are among interested parties that have submitted expressions of interest for the airline. The employee
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