Loss-making Air India is estimated to have a debt burden of more than Rs 48,000 crore and the government's efforts for strategic disinvestment of the carrier failed in May. "Air India is very clearly a legacy issue. Air India's debt is unsustainable. Forget Air India, nobody can handle that debt. For any airline to service that debt is not possible," Suresh Prabhu said.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2LmfLwO
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