Govt actively weighing option to sell Air India stake in parts
The govt is actively weighing the option to sell loss making Air India in parts, as Finance minister Arun Jaitley-led panel is looking to fast track the process in a manner that could make the debt laden company more attractive, a top govt official said. Sale of debt-Laden Air India's 6 subsidiaries could help the firm reduce some of its nearly INR500b of debt. "Selling Air India in parts could help the company attract more buyers and reduce some debt of the parent company. I do not think anyone would otherwise buy the entire company that has so much debt. We are looking at the best way to maximise interest in the company," the official, who did not want to be named, said. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-09-05/star/govt-actively-weighing-option-to-sell-air-india-stake-in-parts
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Govt actively weighing option to sell Air India stake in parts
The govt is actively weighing the option to sell loss making Air India in parts, as Finance minister Arun Jaitley-led panel is looking to fast track the process in a manner that could make the debt laden company more attractive, a top govt official said. Sale of debt-Laden Air India's 6 subsidiaries could help the firm reduce some of its nearly INR500b of debt. "Selling Air India in parts could help the company attract more buyers and reduce some debt of the parent company. I do not think anyone would otherwise buy the entire company that has so much debt. We are looking at the best way to maximise interest in the company," the official, who did not want to be named, said. <br/>
