Air India to be split up before sale

Eleanor Steed
By Eleanor Steed March 29, 2018 10:38

Air India to be split up before sale

The Indian government revealed yesterday that it plans to sell 76% of Air India – this includes the sale of its controlling stake in the flagship carrier (as well as two-thirds of its $7.8 billion debt) and the complete sale of its international carrier, while 50% of the ground handling unit will be sold separately. There is also a caveat attached that will require the new buyer to list the company.

Only IndiGo is a confirmed bidder for Air India, although Vistara may be in the running.

Eleanor Steed
By Eleanor Steed March 29, 2018 10:38