Wires

Air India awaiting govt approval for bond sale

NEW DELHI, Oct 8 (Reuters) - Ailing national carrier AirIndia is awaiting approval from the government for a74-billion-rupee ($1.4 billion) bond sale, Chairman Rohit Nandansaid on Monday.

In July, the airline had invited banks to bid forunderwriting roles for the bond sale and was seeking to sell thedebt via a private placement.

($1 = 51.8850 Indian rupees)

(Reporting by Anurag Kotoky; Editing by G.Ram Mohan)

(aradhana.aravindan@thomsonreuters.com; 91-22-6180-7138;Reuters Messaging:aradhana.aravindan.thomsonreuters.com@reuters.net)

Keywords: AIRINDIA DEBT/