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Initial bids for Air India stake sale in next couple of weeks - official


(Reuters) - will invite initial bids for a stake sale in state-run carrier in the next couple of weeks, said on Thursday in a speech at an airshow in the southern Indian city of

Narendra Modi's cabinet gave the go-ahead last year to sell Air India, after successive governments spent billions of dollars in recent years to keep it going. However, it has yet to decide on what to do with the carrier's debt burden of $8.5 billion.

(Reporting by in Bengaluru; Editing by Biju Dwarakanath)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, March 08 2018. 11:09 IST