Air India may be forced to shut down in 6 months if this does not happen, says official

Mumbai: Struggling Air IndiaIndiaIndia 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.

Amid continuing uncertainty over the fate of the national carrier, the official said there is also need for funds to restart operations of 12 grounded narrow-body planes.

The debt-ridden Air India has a debt burden of around Rs 60,000 crore and the government is still working on the modalities for the disinvestment.