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The Air India Disinvestment Saga: A Primer

Air India's total debt now stands at about ₹43,000 crore.
Air India's total debt now stands at about ₹43,000 crore.
The attempts to privatize Air India had begun during the third term of the Atal Bihari Vajpayee government (1999-2004). In May 2000, the cabinet decided to sell 60 per cent of government's shares in the carrier. However, the process fell apart by early 2002, after the consortium of Singapore Airlines and Tata Sons fell apart and the other bidder - Hindujas - also withdrew from the race. In 2007, the government of India merged Indi...
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