Government to split Air India's debt ahead of stake sale: Minister

in india •  7 years ago 

Source EconomicTimes
MUMBAI: India will transfer part of Air Indias 8.5 billion debt pile to a special purpose vehicle before selling a stake in the state-owned carrier, its junior Indias Civil Aviation Secretary, Rajiv Choubey, said on Thursday that the government would invite initial bids for Air India in the next couple of weeks.

india
7 years ago by

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