Air India disinvestment: Govt keen on selling airline to domestic buyer
Earlier in the year, the Union Cabinet gave in-principle approval to go ahead with the disinvestment of the loss-making carrier.
By : DC Correspondent
Update: 2017-10-16 15:31 GMT
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.