Government to sell 100% stake in Air India, New owner must absorb $3.26 billion debt

11:00:00 AM, Monday 27th of January 2020 | in business

The government is planning to sell its entire stake in Air India in a revised push to sell its national carrier after an initial attempt to sell a majority stake in the airline failed to draw a single bid in 2018. The government released a document in which it set March 17 as the deadline for submissions of initial expressions of interest. As per the documents, any bidder would have to agree to assume roughly $3.26 billion in debt.