Let it go: Letter to BS on govt may hold 26% in Air India after sell off

This move is an anti-climax after the positive decision to allow 49% FDI in civil aviation

Your front-page report “Govt may hold 26% stakes in Air India after sell off” (January 12) unfolds a new twist in this never-ending saga of government’s decision to privatise the terminally sick behemoth Air India. Like many prominent promoters in the private sector, government too just won’t let it go. The fact that this thinking of the government is against the recommendation of it’s own policy think tank Niti Aayog doesn’t bode well for the proposed stake sale. 

This move is an anti-climax after the positive decision to allow 49 per cent FDI in civil aviation. No foreign airline will be