ALSO READCabinet approves plan to sell government stake in Air India Cabinet approves proposal to sell govt stake in Air India Government invites proposals to appoint asset valuer for Air India Cabinet approves plan to privatise Air India Exclusive: Ahead of privatisation, Air India eyes bumper staff buyout
"Its (financial) books are very bad and is in a debt trap. The (payments burden of) interest rates are pulling down. We want to make it a vibrant airline."
The government has given in principle approval for strategic disinvestment of the national carrier.
Several options are being explored in this direction and lot of suggestions are coming in, he said, adding that private airline IndiGo expressed its "interests on the international operations of Air India".
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)