Maharajah For Sale : Modi Cabinet Approves To Disinvestment Of Air India

Clearing the path for privatisation of the debt-ridden Air India, the Union Cabinet today gave an in-principle approval for disinvestment of the government-run airline. Addressing the media, Union Finance Minister Arun Jaitley said,"In-principle approval for Air India divestment has been given." Air India's share in the domestic aviation market is a mere 14 per cent with Indigo and Jet Airways enjoying the lion's share.

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