The government said it would sell its stake in Air India but it is yet to take a call on the USD 8.5 billion debt.
The airline has a debt burden of more than Rs 50,000 crore.
New Delhi: India would prefer selling state-owned Air India to a domestic buyer, a government source told reporters on Monday, as it finalizes the privatization process.
Earlier this year the government said it would sell its stake in the loss-making airline but it has yet to decide what to do with the carrier’s debt burden of $8.5 billion.
The government is mulling selling the airline’s various businesses which include ground-handling, domestic operations and international flights, in parts, the source said.
( Source : reuters )
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