Published on Tue, Sep 12, 2006 at 09:42 | Source : Moneycontrol.com
Updated at Tue, Sep 12, 2006 at 11:51
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Air India, Indian merger by March-end
The cut-off date for the proposed merger of the two state-run airlines, Air India and Indian, has been fixed as March 31, 2007, according to Mr Praful Patel, Union Civil Aviation Minister.
The cut-off date for the proposed merger of the two state-run airlines, Air India and Indian, has been fixed as March 31, 2007, according to Mr Praful Patel, Union Civil Aviation Minister.
According to him, consultants are preparing both short-term and long-term reports of the proposed merger after studying the changing dynamics of the global and domestic aviation sector.
On Monday, he was talking to reporters after attending a meeting of the Parliamentary Consultative Committee on Civil Aviation.
Mr Patel said that the initial public offer of Indian has been temporarily shelved. It would be considered only after the merger of Indian and Air India.
"Post-merger it would be a bigger and stronger entity. So, chances of getting a better valuation further increases. So, the IPO would come only after the merger," he said.
Mr Patel said that the initial public offer of Indian has been temporarily shelved. It would be considered only after the merger of Indian and Air India. 
