Air India Was For Sale Nobody Wanted It
One of the largest countries in the world was unsuccessful in its attempt to find a buyer to turn around its struggling state-owned airline.The Indian government has stopped the sale of Air India, the country’s flag carrier. Why? Because they received zero bids for the debt-riddled airline.In March, the Indian government put Air India up for sale — offering a 76% stake in the carrier that has $7.8 billion of debt....