Can Air India survive its botched privatization?

India may have to completely let go of its national airline if it wants to save it. The Indian government's attempt to sell 76% of Air India has so far failed to drum up any interest. It now faces a stark choice: Continue to pump in billions of dollars of taxpayer money to keep the loss-making airline flying, or allow it to be taken over entirely and possibly broken up. Air India is expected to lose around $2 billion over the next two years, according to the Centre for Asia Pacific Aviation (CAPA). The airline has been kept alive in recent years by a $4.5 billion government bailout in 2012.

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Air India is a 71 year old airline and it is profitable as per the last FS....

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