New offer: A file picture showing an Air India plane passing the sun on a smoggy morning in Ahmedabad. Bidders must agree to assume US$3.28bil in debt plus other liabilities. — Reuters
NEW DELHI: India’s government says it plans to sell its entire interest in Air India Ltd, in a renewed push to sell the airline after an attempt to sell a majority stake almost two years ago failed to draw any bids.
A document released showed March 17 as the deadline for submission of initial expressions of interest, and that any bidder must agree to assume 232.87 billion rupees (US$3.28bil) in debt plus other liabilities.
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