Air India may shut down if not divested: Aviation think-tank
Aviation think-tank CAPA has said failure to divest Air India could see the carrier shutting down unless the government puts taxpayers' money into the airline. CAPA said Air India could head for two-year loss of $1.5-2 billion. It would be "far less costly" for the government to make divestment more attractive to investors and make the sale happen, CAPA added.