Without buyer, Air India might be forced to shut down in six months: Airline official

MUMBAI : Struggling Air India might be forced to shut down by June next year unless it finds a buyer as “piecemeal” arrangements cannot be sustained for long, according to a senior airline official.

Amid continuing uncertainty over the fate of the national carrier, the official said there is also need for funds to restart operations of 12 grounded narrow-body planes.

The airline has a debt burden of around ₹60,000 crore and the government is still working on the modalities for the disinvestment.

Sounding alarm bells, the official said Air India might well go Jet Airways way if a prospective buyer does not come on board by June next year.