September 26, 2018 / 5:48 AM / 7 months ago

Talks on bailout package for Air India at 'advanced stage' - official

NEW DELHI, Sept 26 (Reuters) - Discussions on a revival package for beleaguered state-run carrier Air India are at an “advanced stage”, the country’s junior aviation minister Jayant Sinha said on Wednesday.

India in June shelved a plan to sell a majority stake in Air India due to lack of interest from bidders, in the latest setback to its ambitious efforts to rescue the ailing airline that has survived for years using taxpayer funds. (Reporting by Manoj Kumar, Editing by Sherry Jacob-Phillips)

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