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India plans to exclude more than half of the $7.6 billion debt owed by the struggling national airline to help burnish its appeal as Prime Minister Narendra Modi presses ahead with a sale, people with knowledge of the matter said.
The government proposes to transfer all of Air India Ltd.s non-aviation assets and short-term loans of as much as 300 billion rupees ($4.7 billion) to a separate company, readying the airline for prospective buyers, the people said,…
Read the full article at: https://www.bloomberg.com/news/articles/2017-11-29/modi-is-said-to-keep-out-4-7-billion-debt-before-air-india-sale
