India to sell debt-laden Air India

India to sell debt-laden Air India

The government of India has announced that it will sell its entire stake in its national carrier Air India, renewing its attempt to sell the flag carrier which drew no bids almost two years ago. The deal would see a new owner take control of 121 aircraft in its fleet along with $3.3 billion in debt — a figure calculated to match the assets for sale.

Kathy
Kathy
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