Govt Considers Taking On Air India’s Debt, Selling Assets


The Indian government is considering all potential options as it edges closer to putting its troubled national carrier up for sale. Bloomberg reports that the government could take on part of the USD8 billion debt of Air India (AI, Mumbai Int’l) to attract investors, or sell off parts of the business in separate deals.

“Suppose a portion of its debt is removed, non-aviation-related assets are removed and put into a shell company owned by the government, I think things will work,” said Aviation Minister Ashok Gajapathi Raju.

The non-aviation assets include international real estate and two hotels. Air India also has separate units that deal with charters, ground handling services, transport, and engineering. Read More…

You may also read!

Armed Rohingya Group Massacred Dozens Of Hindus In Myanmar, Amnesty International Says

An armed Rohingya group is believed to have killed nearly a hundred Hindu women, men and children in Rakhine

Read More...

Missile That Downed MH17 Came From Russian Military: Investigators

Investigators probing the 2014 downing of flight MH17 said Thursday for the first time that the missile which shot

Read More...

F-16 Fighting Falcon: All About The Iconic Fighter US Is Keen On Selling To India

The F-16 Fighting Falcon 'Viper' is one of the iconic fourth-generation fighter jets which is in service not only

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu