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Already doubtful Air India sale in tatters as coronavirus bites

Investor says government must consider deep discount to get deal off ground

The Indian government has extended the bid deadline for Air India to April 30. This comes after lifting foreign ownership limits to allow full control of the troubled airline.   © Reuters

NEW DELHI -- Plans to privatize state-owned flagship carrier Air India were already in doubt even before the new coronavirus outbreak wreaked havoc on the travel industry. Now, the government may have to knock down the price of the airline, some say.

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