New Delhi to sell full stake in debt-ridden Air India
AFP
| 2020/01/28 | 264 words
| LE JOURNAL DE L'AVIATION | AIR TRANSPORT
New Delhi intends to sell its entire stake in the debt-crippled national carrier Air India, the government announced Monday, after failing previously to secure any bids for a majority share.The airline, which owes more than $8 billion, has been struggling to pay salaries and buy fuel, with officials recently warning that it would have to shut down unless a buyer was found.On Monday the civil aviation ministry released a document inviting bids for a 100 percent stake, setting March 17 as the ...(…)
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