Air India chairman and MD Ashwani Lohani reportedly said “divestment is the only option” for the airline, due to its INR583.5 billion (USD8.2 billion) debt (Deccan Herald, 13-Aug-2019). Mr Lohani stated: “Unless we get equity support, the business is just not sustainable”. He added: “We also need to appreciate that running a highly complex business like an airline efficiently within the confines of the complex government rules and limitations, is almost impossible”.
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