New Delhi: The government is brainstorming on several options to make Air India more attractive for investors. The central government is also thinking of reducing the debt of Air India and moving the disinvestment process forward, so that investors can be attracted.
A senior official has said that the government is considering reducing the airline's debt in the current economic situation affected by the Corona epidemic, in order to make it more attractive to interested parties. As of March 31, 2019, Air India's debt was Rs 58,255 crore. In order to make the airline company attractive to investors, the government has transferred Rs 29,464 crore from its debt to a government-owned special purpose company called Air India Assets Holding Company Limited (AIAHL).
Another government official has said that the government is considering to reduce the debt of Air India so that it can be made more attractive for the parties interested in it. In the current environment of the Corona epidemic, due to the heavy debt burden on the company, investors may have been hesitant. Another government official said that there is a possibility of being granted a bid, this may push the disinvestment process further. Let us tell you that the deadline to give bids for disinvestment of this government airline company has already been moved four times this year.
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