A renewed attempt to sell Air India, which hasn’t made money since 2007, has been hurt by the pandemic, forcing the government to keep extending a deadline to bid. The offer, announced in January, was sweetened to pass on only the debt related to plane purchases to the new owner. The airline had $8.4 billion in total debt at the end of March, 2019 and posted a loss of $1.2 billion that year — its highest ever.
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