Air India privatisation: IndiGo wants to buy stake in debt-laden carrier

Govt retaining Air India is an option with civil aviation ministry

The Cabinet on Wednesday gave approval to privatise debt-laden Air India

 

Latest news : IndiGo airlines, owned by InterGlobe Aviation , has expressed an unsolicited interest in buying a stake in state-owned carrier Air India, television channel CNBC-TV18 reported on Thursday quoting the aviation ministry.

 

The Cabinet on Wednesday gave approval to privatise debt-laden Air India, the first step of a process that could see the government offload an airline struggling to turn a profit in the face of growing competition from low-cost rivals.

Also read : Mired by ownership battle, McDonald’s shuts 80% Delhi outlets as hygiene take toll

 

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