Airlines
Air India Privatization Back on Government’s Agenda
While debts at national carrier mount, ministers consider alternative ownership
An Air India Boeing 787-8 takes off from Rome's Fiumicino International Airport. (Photo: Flickr: Creative Commons (BY) by Alessandro Ambrosetti)
An Air India Boeing 787-8 takes off from Rome's Fiumicino International Airport. (Photo: Flickr: Creative Commons (BY) by Alessandro Ambrosetti)

Having gained a majority in parliament, the government of Indian Prime Minister Narendra Modi has begun seriously considering the restructuring and/or privatization of national carrier Air India. A high GDP growth rate and a domestic aviation market set to overtake Japan this year as the world’s third largest has led to calls for a more effectual national carrier. Air India’s debts now amount to $7.5 billion, about half of which stems from aircraft loans.

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