India is considering a plan to exclude more than half of Air India Ltd’s $11 billion of debt in the government’s latest attempt to lure investors to the struggling carrier, people with knowledge of the matter said.
Prime Minister Narendra Modi’s administration plans to ask proposed investors to take over Rs 30,000 crore of the airline’s debt, which are backed by the carrier’s aircraft, the people said, asking not to be identified, citing private information. The government may call for the so-called expression of interest as early as December 15, the people said.
