News / Air India will remain our national carrier, orders government: no foreign owner

© Denys Hedrovych

Air India must continue to be majority owned by Indian nationals and the board must be made up of 60% Indians, according to reports covering the attempted privatisation of the carrier,

The government has rejected a plan which would have allowed dilution of ownership: it can be no more than 49% foreign-owned and the carrier’s headquarters must remain in India.

CH Aviation quotes an official in the Economic Times: “Airlines have shown interest in Air India, but we would like to wait ...