loss-making airline

India Eyes Sale of Its Debt-Laden Airline

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New Delhi is hoping to privatise Air India to make the ailing national carrier more competitive, but experts say debts of at least $8 billion could deter buyers. India’s finance minister said on Wednesday the government had approved a plan to sell a stake in Air India, which has long struggled to compete with privately-owned … Read more

India Approves Plan To Sell Stake In State-Owned Air India

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India’s cabinet approved Wednesday plans to sell a stake in state-run Air India as the debt-saddled carrier struggles to compete with low-cost rivals in one of the world’s fastest-growing airline markets. “A civil aviation ministry proposal was received by the cabinet which was given an in principle approval for the disinvestment of Air India,” finance … Read more