Government should exit Air India, says report

The government should sell its entire stake in Air India as any level of equity retention would raise concerns about the prospect of government interference after pr iv at is at ion, a report said on Wednesday. It also said that foreign airlines should be allowed to bid for the stakeintheloss-making nationalcarrier. Inthebrief report, aviation think tank CA PA India also said that cleaning up the airline' s balance sheet would be the most important step. Torevive AirIndia, the government has decided togo for its strategic disinvestment and the modalities are being workedout.