Air India MD: Divestment is our only option

14 August, 2019

Air India chairman and MD Ashwani Lohani reportedly said "divestment is the only option" for the airline, due to its INR583.5 billion (USD8.2 billion) debt (Deccan Herald, 13-Aug-2019). Mr Lohani stated: "Unless we get equity support, the business is just not sustainable". He added: "We also need to appreciate that running a highly complex business like an airline efficiently within the confines of the complex government rules and limitations, is almost impossible".