Raju also admitted that Air India’s debt may, after close scrutiny, come out to be substantially higher than the popularly believed Rs 50,000 crore sum.
After years of deliberations and closed-door meetings, the nearly two-decade-old plan of Air India disinvestment is finally taking shape. Union Civil Aviation Minister Gajapathi Raju is at the helm of turning around this massive “debt trap”.
In an interview to News18, Raju talks in detail about the major disinvestment process, disclosing that an international player has expressed interest in buying out the national carrier’s foreign operations. He also admits that Air India’s debt may, after close scrutiny, come out to be substantially higher than the popularly believed Rs 50,000 crore sum.Click here to read the edited excerpts of the full interview.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.