Exclusive: Despite lack of interest from buyers, government says no sweeteners for Air India sale
Updated : April 13, 2018 07:09 PM IST
Consultancy Ernst & Young, which is advising the government on the sale, will launch road shows to attract investors.
A government official familiar with the sale process said if people read the express of interest carefully, they will see that Air India is profitable.
This official said there is a huge scope to reduce the airline's operational cost by up to 30% due to the option of leasing the wholly-owned aircraft to garner revenue.
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