Talks on bailout package for Air India at 'advanced stage': Jayant Sinha

Reuters NEW DELHI | Updated on September 26, 2018 Published on September 26, 2018

Discussions on a revival package for beleaguered state-run carrier Air India are at an “advanced stage”, the country's junior aviation minister Jayant Sinha said on Wednesday.

In June, a plan to sell a majority stake in Air India was shelved due to lack of interest from bidders, in a setback to ambitious efforts to rescue the ailing airline that has survived for years using taxpayer funds.

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Published on September 26, 2018
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