Published on Mon, Mar 26, 2007 at 08:58 | Source : Moneycontrol.com
Updated at Mon, Mar 26, 2007 at 09:45
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Govt to consider IPO for AI-Indian combine
Civil Aviation Minister Praful Patel has said that he will explore all avenues including an IPO to raise money for the new entity that will be created after Indian Airlines and Air India merge, reports CNBC-TV18.
Civil Aviation Minister Praful Patel has said that he will explore all avenues including an IPO to raise money for the new entity that will be created after Indian Airlines and Air India merge, reports CNBC-TV18.
The minister confirmed to that even after this, the airline will remain under government control.
"IPO does not mean that you'll lose the public sector character and that we will not. We will continue to be a PSU by going public and by giving e-sops to the employees also," says Praful Patel.
The minister confirmed to that even after this, the airline will remain under government control. 
