You are here

Air India break-up an option as Modi pushes for quick sale

A deadline of early 2018 to get sale process underway has been set, but timeline is ambitious and the process fraught

BT_20170710_CPAIR10_2973509.jpg
Air India, india's flagship carrier, is saddled with a debt burden of US$8.5 billion and a bloated cost structure.

New Delhi

INDIA is considering selling state-owned Air India in parts to make it attractive to potential buyers, as it reviews options to divest the loss-making flagship carrier, several government officials familiar with the situation said.

Prime Minister Narendra Modi's Cabinet

sentifi.com

Market voices on:

Powered by GET.comGetCom