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

Air India sale: Govt mulls easing debt burden on buyers

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.