The government had put its best foot forward in January this year, when it restarted the divestment process for its troubled carrier Air India. Unlike the failed attempt in 2018, when it wanted to retain some ownership in the airline, the government was now offering to exit completely from the state-owned carrier. To attract additional suitors this time, the government had already parked nearly Rs 30,000 crore of debts and liabilities in a special purpose vehicle (SPV). Only about Rs 23,000 crore of debt remained.
Do the revised terms that were announced on October 30, help sweeten the deal enough for suitors to come forward and put in bids for Air India? Read >>
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