Air India's net loss in 2018-19 was around Rs 8,556 crore. Moreover, its per day losses are estimated to be in the range of Rs 20-26 crore, along with a debt of around Rs 80,000 crore
Air India stake sale: Govt likely to float bids next month; some entities express interest in national carrier
Air India is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores.
Air India divestment: Govt unsure if it can sell the ailing carrier; civil aviation secretary RN Choubey's take a case of sour grapes?
A non-airline company, with no experience in running an airline, can also place a bid for Air India. This shows all that is wrong with the divestment.
Air India disinvestment: Government likely to push out EoI shortly; ready to give up majority control
A government notification announcing the contours of the Air India sale is expected Tuesday night