The government which is planning to sell a stake in its state-run carrier Air India, is considering options such as keeping out at least a part of its $8 billion of debt to help lure investors, the nation’s civil aviation minister said.
Air India’s assets such as real estate could also be spun off into a separate company, Ashok Gajapathi Raju said in an interview in New Delhi on Friday.
A call will be taken by a group of ministers headed by finance minister Arun Jaitley, and the government is open to all options, including allowing foreign investment in the carrier, he said.
“Its books are bad, you can’t leave it like that,” Raju said in his office.
“Suppose a portion of its debt is removed, non-aviation-related a…