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Debt-ridden Air India might shut down in six months, says official

"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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This image has been used for representational purposes only

This image has been used for representational purposes only

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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