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'Domestic Buyer Preferred In Air India Sale'

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

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'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

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