State-owned Air India will likely unload 15 per cent of its equity in an initial public offer (IPO) when its merger with domestic counterpart Indian Airlines is completed. The government has said it is merging the two airlines in a bid to create a "world-class airline" that can compete globally and domestically. Singapore Airlines and Emirates have already expanded into India's booming travel market.
The IPO would be staged once the merger of Air India and Indian Airlines was finished and both airlines' operations were fully integrated.Air India is the nation's biggest international carrier and Indian Airlines is the second-largest domestic airline after privately run Jet Airlines.
The merged airline will fly under the brand of Air India domestically and internationally with a combined fleet size of more than 112 aicraft - comparable to the best airlines in the Asian region.
Read more in The Economic Times article.
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