India prefers domestic buyer for Air India: Government source | business news | Hindustan Times
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India prefers domestic buyer for Air India: Government source

India would prefer selling state-owned Air India to a domestic buyer, a government source told reporters on Monday

business Updated: Oct 16, 2017 18:20 IST
The Air India logo is seen on the facade of its office building in Mumbai, India, July 7, 2017.
The Air India logo is seen on the facade of its office building in Mumbai, India, July 7, 2017. (Reuters File Photo)

India would prefer selling state-owned Air India to a domestic buyer, a government source told reporters on Monday, as it finalises the privatisation process.

Earlier this year the government said it would sell its stake in the loss-making airline but it has yet to decide what to do with the carrier’s debt burden of $8.5 billion.

The government is mulling selling the airline’s various businesses - which include ground-handling, domestic operations and international flights - in parts, the source said.