No Equity Stake Of Government Of India Left In Air India, Disinvestment Complete

New Delhi, February 8 (TNA) The strategic disinvestment transaction of Air India has been successfully completed on January 27, 2022, Union Minister of State for Finance Dr Bhagwat Kisanrao Karad told the Lok Sabha in a written reply to a question in Lok Sabha on Monday.

On the question of percentage of shared disinvested, the Minister stated that 100% shares of Air India (including 100% shares of its subsidiary, Air India Express Ltd (AIXL) and 50% shares of its JV, AISATS) have been disinvested.

The Minister further stated that with the disinvestment of Air India on January 27, there is no equity stake of Government of India left in Air India or AIXL and the airlines are now under the management control of the strategic buyer.