India prefers domestic buyer for Air India: Government source

Time & Us
Last Updated: October 17, 2017 at 1:13 am

New delhi: India would prefer selling state-owned Air India to a domestic buyer, a government source told reporters on Monday, as it finalises the privatisation process.

Earlier this year the government said it would sell its stake in the loss-making airline but it has yet to decide what to do with the carrier’s debt burden of $8.5 billion.

The government is mulling selling the airline’s various businesses – which include ground-handling, domestic operations and international flights – in parts, the source said.