India further reduced -- to US$3.3b -- the amount of debt bidders for Air India will need to absorb and eased some eligibility requirements, as prime minister Narendra Modi tries once again to sell the carrier. Expressions of interest are invited by March 17, according to preliminary terms published Monday. The entire company will be sold but effective control needs to stay with Indian nationals, and bidders would need to accept a little more than a third of Air India’s debt -- down from two-thirds the last time around when not a single suitor could be found. “This is a clean exit by the govt and the entire non-aircraft related debt has been taken out of the balance sheet,” said Kapil Kaul of CAPA “We expect significant response as the offer structured by the govt of India is very attractive.” <br/>