The airline has a debt burden of around Rs 60,000 crore and the government is still working on the modalities for the divestment. (Shutterstock)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. Sounding alarm bells, the official said Air India might well go the Jet Airways way if a prospective buyer does not come on board by June next year. We are somehow 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 on condition of anonymity.

Source: The Telegraph December 30, 2019 20:26 UTC