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Strategies & Market Trends : India Coffee House

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To: JPR who wrote (2752)	9/16/1998 11:16:00 AM
From: Mohan Marette	Read Replies (2) of 12475

India to privatize International and National Airlines. JPR: It's about time don't you think??? No point in losing money year in and year out plundering the national exchequer is there?? ================================================== India to privatize domestic and international carriers 10.52 a.m. ET (1452 GMT) September 16, 1998 NEW DELHI, India - The Indian government plans to sell stock in its domestic and international airlines, which have been losing money, the civil aviation minister said Wednesday. The government is likely to accept recommendations that it divest 60 percent of the stock in Air-India, said minister Ananth Kumar. The recommendation of the government's privatization agency has to be approved by the council of ministers. Kumar told reporters he wants to push through the divestment withn a year. ... foxmarketwire.com

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