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Debt-ridden Air India might shut down in six months, says official
Updated On: 31 December, 2019 10:45 AM IST | Sydney | Agencies
"We are some how managing the operations at present and at best we can sustain this situation till June. If a buyer does not come by that time, we will have to shut shop," said the official

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Sydney: Struggling Air India might be forced to shut down by June next year unless it finds a buyer as "piecemeal" arrangements cannot be sustained for long, according to a senior airline official.
Amid continuing uncertainty over the fate of the national carrier, the official said there is also need for funds to restart operations of 12 grounded narrow-body planes. The airline has a debt burden of around Rs 60,000 crore and the government is still working on the modalities for the disinvestment.
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