"We want Air India to survive," Aviation Minister Ashok Gajapathi Raju said at the CNN Asia Business Forum in Bangalore on Monday. "We don't mind where it is, who runs it, as long as it serves the Indian people and our Indian skies."
The state-owned airline has been plagued by inefficiency and enormous losses for years. It received a $4.5 billion bailout from the government in 2012.
"I can't commit the taxpayers' money for eternity to keep it going," Raju said. "Whether it's owned by government, owned by [someone else], we'd like it to survive."
Air travel in India is growing at a furious rate. The country is forecast to overtake the U.K. as the world's third largest aviation market within the next decade.
14/02/17 Rishi Iyengar/CNN Money
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The state-owned airline has been plagued by inefficiency and enormous losses for years. It received a $4.5 billion bailout from the government in 2012.
"I can't commit the taxpayers' money for eternity to keep it going," Raju said. "Whether it's owned by government, owned by [someone else], we'd like it to survive."
Air travel in India is growing at a furious rate. The country is forecast to overtake the U.K. as the world's third largest aviation market within the next decade.
14/02/17 Rishi Iyengar/CNN Money
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