Without buyer, AI might be forced to shut down in 6 months: Airline officialbusinessUpdated: Dec 30, 2019 17:34 ISTStruggling 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 Jet Airways way if a prospective buyer does not come on board by June next year. If a buyer does not come by that time, we will have to shut shop,” said the official on condition of anonymity. The Air India Specific Alternative Mechanism (AISAM) has approved re-initiation of process for the the government’s 100 per cent stake sale in Air India along with Air India Express and the carrier’s stake in joint venture AISATS. Response to the recent road shows in Singapore and London for Air India disinvestment was reportedly “tepid”.

Source: Hindustan Times December 30, 2019 12:02 UTC