| Air
India's employee stock option may precede IPO
17 November 2007  Mumbai:
National carrier Air India is likely to give stock options to employees ahead
of its initial public offer before 2009 by when it merges with other state-run
airline Indian.
"Our
consultant, Accenture, has given a 12-18 month road-map for full integration of
the merged identity and an IPO is unlikely to take place before then,'' reports
quoting Air India's chairman, V Thulasidas, said.
 However,
a proposal to offer stock options to its 34,000 employees may fructify ahead of
the IPO and a concept paper for this purpose has already been submitted to civil
aviation ministry, he said.
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