Government to go ahead with Air India sale, may not retire debt
NEW DELHI: The government is moving ahead with Air India strategic sale and is expected to ask suitors to bid based on the combined equity and debt value, while turning down suggestions to either run the operations for next two-three years or shut down the national carrier.
A panel of officers — which had been tasked to look into the options proposed by the transaction advisor, Ernst & Young — is also not in favour of reducing the debt by Rs 23,000 crore, sources told TOI. Some of the potential bidders had also sought clarifications on this. On September 18, TOI had reported on the options.
