Letters: Restructuring Air India

Tatas in India are known for their business ethics, grace in dealings and philanthropic approach

With reference to “IndiGo wants Air India’s overseas business” (June 30), the national carrier is reported to be up for sale following its huge accumulated losses and mounting debts. Air India is believed to be carrying a whopping debt burden of close to Rs 50,000 crore, which is unsustainable. The carrier is also believed to be spending Rs 4,000 crore every year on servicing debts. The real problem began with the merger of Indian Airlines with Air India a few years ago. The best option is to restructure by inducting some strategic private partners. The government is reported to have