Govt to sell 100% stake in Air India; bidders will need to absorb ₹23,000 cr debt

The government has invited preliminary bids to divest its entire stake in Air India, and the airline's subsidiary Air India Express. The government owns 100% stake in Air India and Air India Express. Bidders will need to absorb over ₹23,000 crore of its debt. The government didn't find a single bidder when it tried to sell Air India in 2018.