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Air India weighs options to cut govt stake to 51%

Debt-equity conversion after airline turns profitable in 2018-19 under study

Arindam Majumder & Aneesh Phadnis  |  New Delhi/ Mumbai 

Air India is in the process of evaluating several options to bring down the government's stake once it turns profitable. The national carrier expects to turn profitable in 2018-19, two years ahead of the original turnaround target of 2020-21 through better revenue generation and restructuring of the Rs 10,000-crore term loans with government guarantee backed non-convertible debentures. One of the options being considered is conversion of debt into equity such that the government's stake comes down to 51 per cent. Aviation ministry officials said in every internal meeting of Air ...

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First Published: Thu, March 24 2016. 00:59 IST
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