For 100% Sale Of Air India, March 17 Deadline For Bids | Read

In a revised push to sell the national carrier, the government on Monday announced plans to sell its entire stake in Air India. The development comes after an initial attempt to sell a majority stake in the airline failed to draw a single bid in 2018. The airline is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores. Currently, the Government of India holds a 100 per cent stake in the airline, and its subsidiary Air India Express.