Govt to break up Air India into four parts to speed up privatisation process disinvestment of AIR India is Alarming Bell for BSNL:

Air India had total debt of about Rs48,877 crore at the end of March 2017—Rs17,360 crore of aircraft loans and Rs31,517 crore of working capital loans.The government plans to hive off Air India’s unsustainable debt to a special purpose vehicle to make the deal attractive.The government hopes to invite expression of interest from companies after Union Budget 2018, Mint reported on 9 January.

IndiGo, run by Inter Globe Aviation Ltd, and Tata group have shown interest in Air India’s operations. Turkey’s Celebi Aviation Holding, Bird Group, Menzies Aviation Plc and Livewel Aviation Services Pvt. Ltd have shown interest in the national carrier’s subsidiaries.The government has also eased rules allowing foreign airlines to buy a stake of up to 49% in Air India with prior government approval but with the caveat that substantial ownership and effective control of Air India will remain with Indian nationals as is the case with all domestic airlines.<<<Click Here to View full Story>