Govt will consider Air India IPO: Patel | india | Hindustan Times
Today in New Delhi, India
Sep 24, 2017-Sunday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Govt will consider Air India IPO: Patel

The government will consider bringing out an Initial Public Offer for flag carrier Air India and list it on the bourses, Civil Aviation Minister Praful Patel said on Monday.

india Updated: Jun 01, 2009 15:48 IST

The government will consider bringing out an Initial Public Offer for flag carrier Air India and list it on the bourses, Civil Aviation Minister Praful Patel said on Monday.

"The IPO would, however, not affect the public sector character of the airline and it will not be privatised," he told reporters in New Delhi.

The proceeds of the IPO are expected to be ploughed into activities like expanding the fleet of the airline, which was earlier merged with its sister carrier Indian.

Patel, however, did not give any time frame. "This is one area of intent... It (IPO) will bring in much-needed liquidity infusion and also accountability."