India Open To Selling Part Of Air India To Foreign Airline: Report

The government will also likely invite preliminary bids for the carrier by Oct. 10, the sources added.

 Share
EMAIL
PRINT
COMMENTS
India Open To Selling Part Of Air India To Foreign Airline: Report

Centre moved about 300 billion rupees of Air India debt to separate holding company: Report


New Delhi: 

India is open to selling a partial stake in debt-laden state-run carrier Air India to a foreign airline, people familiar with the matter said on Wednesday.

The government has moved about 300 billion rupees ($4.21 billion) of Air India's debt to a separate holding company, leaving the carrier with roughly another 300 billion rupees of debt, the people said.

The government will also likely invite preliminary bids for the carrier by Oct. 10, the sources added.
 



(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)


Get Breaking news, live coverage, and Latest News from India and around the world on NDTV.com. Catch all the Live TV action on NDTV 24x7 and NDTV India. Like us on Facebook or follow us on Twitter and Instagram for latest news and live news updates.

NDTV Beeps - your daily newsletter

................................ Advertisement ................................

................................ Advertisement ................................

................................ Advertisement ................................