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Government plans ESOPs for Air India employees

The government has proposed selling 76 per cent stake in the airline as well as transfer management control to private players

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Air India

The government plans to provide stock options to Air India staff after sale of its 76 per cent stake in the debt-laden airline, a senior official said. On Wednesday, the Civil Aviation Ministry came out with the preliminary information memorandum for seeking Expression of Interest (EoI) for the strategic disinvestment of Air India. The government has proposed selling 76 per cent stake in the airline as well as transfer management control to private players. Besides, Air India would divest 100 per cent stake in Air India Express and 50 per cent shareholding in AISATS, an equal joint venture with Singapore-based SATS.

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