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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
Monday, July 10, 2017 - 05:50

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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

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