Air India’s “books are so bad” that nobody will buy it even if the government wanted to sell the national carrier, Civil Aviation Minister Ashok Gajapathi Raju said on Thursday.
Raju further ruled out any disinvestment in the carrier that has a debt of some Rs 50,000 crore.
Grappling with mounting debts and tough business conditions, Air India has been in the red since the merger of the ertswhile Indian Airlines and Air India in 2007 and is staying afloat on a Rs 30,000-crore bailout package extended by the erstwhile UPA regime.