Manufacturing Industry
Indian Airlines board approves initial offering
Airline Industry Information, April 1, 2005
AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD
Indian Airlines has approved an initial public offering, consisting of 10% of the stock in the state-owned airline.
The airline's board, in addition to approving the offering, also cleared the plans to move ground handling to a joint venture with Singapore Airport Terminal Services, Calcutta-based newspaper The Telegraph reported.
The initial offering is subject to ratification by the Indian government.
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