Air India privatisation: Employee unions to meet in Delhi after govt announces 100 per cent stake sale

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New Delhi | Updated: January 27, 2020 10:35:42 AM

The meeting was scheduled after the government, earlier in the day, announced sale of 100 per cent stake in Air India as it issued the preliminary bid document for the strategic disinvestment.

air india, Air India privatisation, Air India disinvesment, air india 100 stake sale, air india sale latest news, air india stake sale latest newsManagement control of the airline would also be transferred to the successful bidder. (Reuters)

Various Air India employee unions will meet here on Monday to discuss proposed privatisation of the debt-laden airline, sources said. The meeting was scheduled after the government, earlier in the day, announced sale of 100 per cent stake in Air India as it issued the preliminary bid document for the strategic disinvestment. Representatives of various Air India trade unions will meet here to discuss the government’s privatisation plans, sources said.

There are around a dozen recognised trade unions at Air India. As part of the strategic disinvestment, Air India would also sell 100 per cent stake in low-cost airline Air India Express and 50 per cent shareholding in joint venture AISATS, as per bid document issued on Monday.

ALSO READ | Air India disinvestment: Government to sell 100 per cent stake in national carrier; issues bid document

Management control of the airline would also be transferred to the successful bidder. This is the second time in less than two years that the government has come out with proposal for selling stake in Air India, which has been in the red for long. The government has set March 17 as the deadline for submitting the expression of interest.

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