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Govt mulls excluding debt of Air India before stake sale

Air India's assets such as real estate could also be spun off into a separate company

Bloomberg 

The government, which is planning to sell a stake in its state-run flag carrier, Air India, is considering options to keep out at least a part of its $8 billion of debt to help lure investors, the Civil aviation minister said. Air India’s assets such as real estate could also be spun off into a separate company, Ashok Gajapathi Raju said on Friday. A call will be taken by a group of ministers headed by Finance Minister Arun Jaitley, and the government is open to all options, including allowing foreign investment in the carrier, he said. “Its books are bad, you ...

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First Published: Sat, September 09 2017. 02:05 IST
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