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1-min read

India Prefers Domestic Buyer for Air India: Government Source

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.

Reuters

Updated:October 16, 2017, 6:48 PM IST
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India Prefers Domestic Buyer for Air India: Government Source
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New Delhi: India would prefer selling state-owned Air India to a domestic buyer, a government source told reporters on Monday, as it finalises the privatisation 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.

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| Edited by: Ashish Yechury
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