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Tata Sons, Spicejet in the race for Air India, after employees’ consortium was disqualified IANS According to news reports, Air India’s divestment advisors have rejected other bids, and only the Tatas and India’s largest cargo operator Spicejet remain in the fray for buying the cash-strapped flag carrier. A group of 209 employees of Air India had also put in a bid. And while confirming the news, Air India’s Commercial Director Meenakshi Malik told Moneycontrol that the consortium hadn t made it to the next round of divestment. Media reports further indicated that Essar, Pawan Ruia of Dunlop and Falcon Tyres had also put in bids for Air India however, the bids have been rejected.After the consortium of Air India employees backed by NRI businessman Laxmi Prasad and his New York-based Interups Fund was disqualified only the Tata Group and India’s largest cargo operator Spicejet remain in the fray for buying the cash-strapped Air India, according to news reports.

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