• Monday, August 15, 2022

Business

Sale of debt-laden Air India fails to take off

Air India continues to face an uncertain future.

By: Sarwar Alam

The Indian government’s attempt to sell debt-laden national carrier Air India is in danger of hitting the skids as a key deadline looms with no bidder in sight. Prime minister Narendra Modi’s administration announced in March that it would privatise the beleaguered airline. But the plan has struggled to get off the ground with several prospective buyers ruling themselves out. “Conditions put forth by the government with regards to debt and employee costs are restrictive and have put off investors,” aviation expert Amrit Pandurangi said. “The government needs to address the concerns of the private investors if the stake sale…

You do not have access to this content. You need to subscribe.

Eastern Eye

Related Stories

Eastern Eye

Videos

Mrunal Thakur on Dhamaka, experience of working with Kartik Aaryan,…
Nushrratt Bharuccha on Chhorii, pressure of comparison with Lapachhapi, upcoming…
Abhimanyu Dassani on Meenakshi Sundareshwar, how his mom Bhagyashree reacted…