Government of India is planning to bring out the IPO of an Indian Carrier, Air India in the near future. Via the route of Initial Public Offering (IPO), the government is planning to infuse the new fund in the Company.
Civil aviation minister Praful Patel on Monday said that government would look at partial divestment of AI and an IPO could be an option.
Praful Patel said, "Fund infusion will be good for AI and bring in more accountability. There will be no privatization or complete disinvestment of the national carrier, just partial,"
AI has sought equity-cum-soft loan to the tune of nearly Rs 4,000 crore. The merged AI-Indian Airlines entity has placed orders for 111 planes worth Rs 45,000 crore on an authorised capital of Rs 1,500 crore, while the paid-up capital is just Rs 145 crore. In 2008-09, AI's loss is expected to touch Rs 4,000 crore, up from Rs 2,226 crore in the previous fiscal.
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