Air India divestment: Govt likely to sell full stake in national carrier; lukewarm response to airline's realty assets sale bid
The government may not hold any residual stake in Air India keeping in view the last year's unsuccessful privatisation bid.
Air India privatisation: Govt to initiate disinvestment process in FY 2020, eyes around $1 billion from sale
Air India has a debt burden of Rs 55,000 crore
Debt-laden Air India may approach Centre for financial help if airline fails to get Rs 500-cr bank loan
The cash-strapped Air India has been struggling to cut its costs and explore ways to enhance revenues for bringing down the debt burden.
The funds raised through sale of the properties of Air India would be used to reduce the Rs 29,000 crore debt, held in the SPV