A good vehicle?

The Indian government comtemplates privatising Air India

Could the Maharajah be returning to its roots? India’s Cabinet has finally bitten the bullet and given in-principle approval for disinvestment of the government’s stake in troubled and massively debt-ridden Air India.

Whether or not it comes down to full privatization or handing over the majority reins to a new majority stakeholder remains to be seen but those in power – Prime Minister Narendra Modi, Finance Minister Arun Jaitley and Minister of State for Civil Aviation Jayant Sinha – made no secret of their support for a sell-off.

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