The Cabinet has given its in-principle approval for the disinvestment of debt -ridden of public carrier Air India.<br/><br/>Finance Minister Arun Jaitley said,a group will be set up to finalise modalities and details of disinvestment including the quantum of stake sale.<br/><br/>The airline has a debt of more than 52,000 crore rupes and is surviving on a 30,000 crore rupees bailout package extended by the previous UPA government in 2012.

The Cabinet has given its in-principle approval for the disinvestment of debt -ridden of public carrier Air India.<br/><br/>Finance Minister Arun Jaitley said,a group will be set up to finalise modalities and details of disinvestment including the quantum of stake sale.<br/><br/>The airline has a debt of more than 52,000 crore rupes and is surviving on a 30,000 crore rupees bailout package extended by the previous UPA government in 2012.

The Cabinet has gave its in-principle approval for the disinvestment of debt -ridden of public carrier Air India.Finance Minister Arun Jaitley said,a group will be set up to finalise modalities and details of disinvestment including the quantum of stake sale.<br/><br/>The airline has a debt of more than 52,000 crore rupes and is surviving on a 30,000 crore rupees bailout package extended by the previous UPA government in 2012.