Monday, March 17, 2025 | 01:00 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Air India sale: New owners inherit planes, prime slots and $5 bn of debt

Bid document offers 76% stake in cash-strapped flag carrier

Air India
Premium

An Air India Airbus A320neo plane takes off in Colomiers near Toulouse (Photo: Reuters)

Anurag Kotoky | Bloomberg
India is selling a controlling stake in its flagship carrier along with two-thirds of the loss-making airline’s about $7.8 billion debt, as Prime Minister Narendra Modi moves ahead with the nation’s most high profile asset sale in decades.

The government will sell 76 percent of Air India Ltd., according to a document uploaded on the civil aviation ministry’s website on Wednesday. The airline’s overseas budget carrier will be completely sold in the offer, while the state will sell a 50 percent stake in the ground handling unit separately. The administration may also ask the buyer to conduct an initial public

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in