Tag: privatization

Why is Air India going in private hands?

Air India is an Indian national airline, which is currently owned by the government. In an effort to revive the airline's fortunes, the government is looking to privatize Air India by selling off its stake in the company. Privatization would allow the airline to be managed more efficiently, and would also open up new sources of capital. The government hopes that privatization will help Air India become a more competitive airline and make it more profitable.