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Only the brave will take on Air India, says billionaire

Indian billionaire Anand Mahindra said he was not brave enough to take on debt-laden Air India after the government said it would privatise the ailing national carrier. Air India, known as the "Maharaja of the Skies" for its turbaned mascot, is reeling under 520 billion rupees ($8 billion) in debt which clouded the government announcement of the selloff late Wednesday. It is unclear if the government will write off any part of the debt.
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