Last month Civil Aviation Minister Hardeep Singh Puri told Parliament that the bleeding carrier will have to be shut down if it fails to find a buyer.
Selling Air India hasn't made any profit since its 2007 merger with another state-owned domestic operator Indian Airlines Ltd. Air India is saddled with $11 billion or Rs 58,000 crore in debt.
Selling Air India won't be easy due to its Rs 58,000-crore debt. Vedanta chief Anil Agarwal recently said Air India would find takers, but its huge debt is an issue. Vedanta, he said would look at BPCL once its EoI comes out.
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