Air India buyer to be picked by June

New Delhi: In what the government says will be the largest-ever privatisation exercise in the country, minister of state for civil aviation Jayant Sinha said on Friday that Air India would be run by a private player by the end of 2018 and the winning bidder will be declared by the end of June after a transparent disinvestment process.

He said that at least 51 per cent of the airline’s stake will be acquired by a private player or players.

An document on the assets of the airline would be issued in public. A  Request for Proposal would be issued thereafter within a period of 60 days for disinvestment.