Air India's current business is not sustainable, says Govt
Air India's current business is "not sustainable" as it is neither able to generate enough cash flow, nor start repaying even the principal amount of its debt, the government told a Parliamentary panel. Notably, Tata Group, IndiGo, and private equity funds KKR and Warburg Pincus have expressed interest in acquiring Air India's businesses following the cabinet's approval for its disinvestment.