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

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.

The Air India logo is seen on the facade of its office building in Mumbai, India, July 7, 2017. (Reuters File Photo)

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.