Govt likely sell part of Air India stake to foreign airline
The govt is open to selling a partial stake in debt-laden Air India to a foreign airline, people familiar with the matter said Wednesday. The govt has moved about US$4.21b of Air India's debt to a separate holding company, leaving the carrier with roughly another $4.21b of debt, said a Reuters report quoting sources. The govt will also likely invite preliminary bids for the carrier by Oct 10, the sources added. In a major setback for Air India, the finance ministry is unlikely to infuse any additional funds into the airline this financial year amid a report that the govt may come out with a fresh disinvestment plan for the national carrier. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-09-20/star/govt-likely-sell-part-of-air-india-stake-to-foreign-airline
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Govt likely sell part of Air India stake to foreign airline
The govt is open to selling a partial stake in debt-laden Air India to a foreign airline, people familiar with the matter said Wednesday. The govt has moved about US$4.21b of Air India's debt to a separate holding company, leaving the carrier with roughly another $4.21b of debt, said a Reuters report quoting sources. The govt will also likely invite preliminary bids for the carrier by Oct 10, the sources added. In a major setback for Air India, the finance ministry is unlikely to infuse any additional funds into the airline this financial year amid a report that the govt may come out with a fresh disinvestment plan for the national carrier. <br/>
