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…

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