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Nearly seven decades after exit, Tata Group seeks to board Air India yet again

Nearly seven decades after exit, Tata Group seeks to board Air India yet again Today is the last day for submission of Expression of Interest for Air India. The Tata Group is currently operating two airlines: the full service carrier Vistara and AirAsia India Representational image. News18 New Delhi: Tata Group is seeking to board Air India again after nearly seven decades, with the salt-to-software conglomerate set to participate in the bidding process for the national carrier, sources said on Monday. The last date for submission of Expression of Interest (EoI) for Air India is Monday. At present, the Tata Group is operating two airlines: the full service carrier Vistara in association with Singapore and AirAsia India, for which it has collaborated with Malaysian airliners group AirAsia.

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Air India employees bid for stake in cash-strapped national carrier

Highlights The bidding process for the debt-ridden airline has been postponed four times earlier and of October 30 deadline is changed now Air India has been unprofitable since its 2007 merger with state-owned domestic operator Indian Airlines Ltd Air India disinvestment will be a key component of this year s sell target of Rs 2.1 lakh crore New Delhi: A group of 219 Air India (AI) employees has submitted the Expression of Intent (EOI) to purchase a stake in the loss-making national airline, according to Meenakshi Malik, who is Air India’s Commercial Director. Meenakshi Malik told Zee Media that they have officially submitted their Expression of Intent, adding We have got 219 employees with us. We have a financial partner too. Each employee will have to contribute at least Rs 100,000 towards the financial bid. We are thankful to Govt to provide us this opportunity wherein employees can also participate in the bidding process, she added.

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Air India Privatisation: Tata Group likely to file Expression of Interest today

Highlights Airline s total debt of Rs 60,074 crore as of March 31, 2019. Buyer would be required to absorb Rs 23,286.5 crore. New Delhi: Tata Group will file an Expression of Interest for Air India on Monday, according to news Agency ANI sources. Tata group will use Air Asia as a vehicle where Tata Sons has a significant majority stake, sources informed, ANI added. As per the Air India EoI floated by DIPAM in January, of the airline s total debt of Rs 60,074 crore as of March 31, 2019, the buyer would be required to absorb Rs 23,286.5 crore, while the rest would be transferred to Air India Assets Holding Ltd (AIAHL), a special purpose vehicle, an IANS report had earlier mentioned.

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Tata group submits an expression of interest for Air India

Tata group submits an expression of interest for Air India
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Air India Sale: Got Multiple Interests, Says Government

Air India Sale: Got Multiple Interests, Says Government
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