Government eyeing to pocket $1bn from sale of Air India

Category : India News
Updated On : January 10, 2019 10:26 AM
By Indian Times Daily

The government is eyeing around Rs 7,000 crore from the sale of national carrier Air India in the next financial year. The government will initiate the process of strategic disinvestment of Air India in the second half of 2019-20 and in between it would work towards selling some of its subsidiaries and monetise assets.

          Air India has a debt burden of Rs 55,000 crore. In November last year, a ministerial panel headed by Finance Minister Arun Jaitley had approved transferring Rs 29,000 crore debt to a special purpose vehicle (SPV)-- Air India Asset Holding Company.

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