India open to listing Air India after failed divestment- govt source

NEW DELHI: India’s government is open to listing ailing state carrier Air India, a government source said on Wednesday, after failing to attract buyers for a 76 per cent stake in the company.

The government was considering several proposals related to reviving the divestment process, the source said, declining to be named before various government ministries finalise their decision. India is now mulling selling entire stake in money-losing carrier. It will soon revive the sale of Air India with new guidelines after a recent attempt ended in a debacle last month, as the proposed terms deterred potential investors. (Reuters)