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Air India to be sold in parts? PM Modi is pushing for early 2018 deadline

According to officials, no one has properly valued the company's businesses and assets before

Reuters  |  New Delhi 

India is considering selling state-owned Air India in parts to make it attractive to potential buyers, as it reviews options to divest the loss-making flagship carrier, several government officials familiar with the situation said. Prime Minister Narendra Modi's cabinet gave the go-ahead last month for the government to try to sell the airline, after successive governments spent billions of dollars in recent years to keep the airline going. Air India - founded in the 1930s and known to generations of Indians for its Maharajah mascot - is saddled with a debt burden of $8.5 ...

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First Published: Mon, July 10 2017. 08:07 IST