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Read More »India to sell 76% stake in Air India; new owners to get jets, $5bn of debt
Bloomberg India is selling a controlling stake in its flagship carrier along with two-thirds of the loss-making airline’s about $7.8 billion debt, as Prime Minister Narendra Modi moves ahead with the nation’s most high profile asset sale in decades. The government will sell 76 percent of Air India Ltd., according to a document uploaded on the civil aviation ministry’s website …
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