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  Business   Companies  16 Oct 2017  Air India disinvestment: Govt keen on selling airline to domestic buyer

Air India disinvestment: Govt keen on selling airline to domestic buyer

REUTERS
Published : Oct 16, 2017, 9:01 pm IST
Updated : Oct 16, 2017, 9:01 pm IST

Earlier in the year, the Union Cabinet gave in-principle approval to go ahead with the disinvestment of the loss-making carrier.

India would prefer selling state-owned Air India to a domestic buyer, a government source told reporters on Monday. (File Photo)
 India would prefer selling state-owned Air India to a domestic buyer, a government source told reporters on Monday. (File Photo)

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.

Tags: air india disinvestment, air india debts, air india
Location: India, Maharashtra, Mumbai (Bombay)