Air India sale: Aviation think tank Capa expects participation from global airlines for national carrier
Air India represents an attractive opportunity for investors if it is relieved of its working capital debt, which stands around Rs 30,000 crore
Air India has a total debt burden of around Rs 55,000 crore
Aviation secretary, RN Choubey said that Air India's ground handling operations will be transferred to Special Purpose Vehicle (SPV)
Finance ministry rejects aviation ministry's proposal to waive Air India's working capital debt of Rs 30,000 crore in one go
The finance ministry, however, has not rejected the demand for a waiver of the working capital debt of Air India
Air India, which has been in the red for long, had a debt burden of Rs 48,000 crore at the end of March 2017.
Under the Udan scheme, five airlines will operate on 128 routes connecting 70 airports. On each flight, 50 percent of the seats would have a cap of Rs 2,500 per seat/hour