India prefers domestic buyer for Air India: government source

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.

By :  migrator
Update: 2017-10-16 17:39 GMT

New Delhi

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.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Similar News