Will Air India sale fetch government anything meaningful?
The only hope for the government is that buyers get into a bidding war over the Air India sale, and prop up valuations
The Air India sale has been code-named Project Royal, although the plain truth is that the national airline isn’t the king of Indian aviation. The company has run losses for years and is laden with debt. Even so, like its affable mascot Maharajah, there are things Air India brings to the table that will attract some buying interest.