NSTbusiness: India's civil aviation ministry released a document inviting bids for a 100 per cent stake, setting March 17 as the deadline. AirIndia
The airline, which owes more than $8 billion, has been struggling to pay salaries and buy fuel, with officials recently warning that it would have to shut down unless a buyer was found.
India's Tata Group, Singapore Airlines and IndiGo were all linked to a takeover but subsequently ruled themselves out. But it has been haemorrhaging money for more than a decade and has lost market share to low-cost rivals in one of the world's fastest-growing but most competitive airline markets.
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