Air India has attracted interest of many businessmen. Some are finding ways to buy the stake in the airlines while some are commenting on the privatization matter. In addition to this matter Anand Mahindra, Chairman and Managing Director of Mahindra Group said that he has not enough brave factor to buy stake in debt-laden Air India. The head of the group finds himself courageous person but don’t possess that much courage to buy Air India.
Air India who is also popular as the ‘Maharaja of the Skies’ for its turbaned mascot, is under the debt of ₹520 billion due to which government has planned to privatize it. But it is unclear if the government will write off any part of the debt. The airlines has attracted many buyers to buy the debt-laden venture. Besides according to media reportes Tata Group could buy stake in Air India, but Tata hadn’t commented no that yet.
Air India privatization is also trending on the social media under the hashtag #maharajaforsale.
Finance Minister Arun Jaitley is to head a committee to decide the size of the stake to be sold and how Air India’s assets and debts will be handled.