Can Air India survive its botched privatization?

[jpZelabal + 63]

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.

[ThunderBlade + 231]

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