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Air India sale | Centre may drop debt condition to sweeten the deal: Report

This is the government's second attempt to privatise Air India, after the first failed attempt in 2018.

September 15, 2020 / 01:25 PM IST

The Centre may drop a condition of asking Air India's new owner to take on $3.3 billion of aircraft debt as the government has been struggling to find suitors for the loss-making national carrier.

The Centre has been advised to scrap the condition since it discourage potential buyers of Air India, Bloomberg said.

According to the new proposal, potential buyers will be permitted to bid on the enterprise value and not on the entity value, the report said.

Moneycontrol could not independently verify the story.