Air India sale: How govt plans to lure buyers

The government is considering a plan to exclude more than half of Air India Ltd’s $11 billion of debt to lure investors, sources said. The government plans to ask proposed investors to take over Rs 30,000 cr of the airline’s debt, which are backed by the carrier’s aircraft. The government may call for the so-called expression of interest as early as December 15.

from Times of India https://ift.tt/2KYUhc1