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Air India For Sale

By Sreenath y (Own work) [CC BY 3.0], via Wikimedia Commons

Air India For Sale Due To Its Mammoth Debt And Losses
The ‘Maharaja’ in the air is on SALE. Indian government would like disinvest its stake fortify Rs.50,000 crores in debts from the sale of Air India. It has a incurred a debt of around 52,000 crore comprising more than of its in the form of loans.
Air India has 114 aeroplanes and made an operating profit of Rs 300 crore in 2016-17.
Even through the discussions around privatizing and sale of Air India might have picked up steam, it may take a while implementing as it would need cabinet approvals.

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