'Domestic Buyer Preferred In Air India Sale'

The government is mulling selling Air India's various businesses in parts, says an official source.

'Domestic Buyer Preferred In Air India Sale'

Government has yet to decide what to do with Air India's debt burden of $8.5 billion.

New Delhi: The government would prefer selling Air India to a domestic buyer, an official 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.
© Thomson Reuters 2017
Listen to the latest songs, only on JioSaavn.com