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Thursday, 29 June 2017 - 9:50
Air India cleared for privatisation by Delhi
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India's cabinet has approved plans to privatise Air India.

The debt-laden airline has been struggling to become profitable amid growing competition from low-cost rivals.

Finance minister Arun Jaitley said the government had given an "in-principle" approval for the stake sale.

India will form a committee to decide on the details, including the size of the government's stake to be sold.

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