News > Air India sale: Govt mulls easing debt burden on buyers

Air India sale: Govt mulls easing debt burden on buyers

Business Today | 15/09/2020 07:53 PM | Click to read full article

Bidders for cash-strapped Air India will not have to absorb $3.3 billion debt (or Rs 24,295 crore) of the national carrier, as the government plans to drop debt condition to make the deal attractive.

After a failed attempt in 2018, the government is still struggling to find buyers for the loss-making carrier for the second time.  The central government has been advised to scrap debt condition as it discourages potential buyers of Air India.

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