October 16, 2017 / 3:43 PM / 4 months ago

India prefers domestic buyer for Air India: government source

NEW DELHI (Reuters) - India would prefer selling state-owned Air India to a domestic buyer, a government source told reporters on Monday, as it finalises the privatisation process.

Earlier this year the government said it would sell its stake in the loss-making airline but it has yet to decide what to do with the carrier’s debt burden of $8.5 billion.

The government is mulling selling the airline’s various businesses - which include ground-handling, domestic operations and international flights - in parts, the source said.

Reporting by Nidhi Verma; Writing by Aditi Shah; Editing by Sanjeev Miglani

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