Air India needs a buyer as it struggles to pay salaries and buy fuel

India’s debt-crippled national airline is focused solely on daily survival and keeping its flights in the air, a spokesperson said on Thursday, after the government warned it would have to shut down unless a buyer is found.

The company is unable to pay its debts and its outlook is “gloomy”, spokesperson Dhananjay Kumar said. “We are concentrating on day-to-day operations and not focusing on the future. Whatever resources we have, we are trying to use them in an optimum manner and trying to run our flights.” The company’s debt mountain may be hived off in a bid to make it more attractive to potential buyers, according to media reports.But in more bad news for the beleaguered airline, a planned sale of the Air India headquarters in Mumbai may be blocked after Prime Minister Narendra Modi’s party was ousted from power in Maharashtra state, local media reported. The previous state government had agreed to buy the building to help clear the airline’s debts.

State-run oil companies halted fuel supplies to Air India in August over delinquent payments. The firms agreed to lift the suspension in September after talks brokered by the government.

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