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UPDATED: December 21, 2020 20:33 IST Air India aircraft parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, May 28 (Satyabrata Tripathy/Hindustan Times/Getty Images) The first stage of bidding for India’s national carrier Air India saw an interesting array of suitors assembled when the deadline passed on December 14. However, the one business group that will hog the limelight, especially if it ultimately wins, is the $106 billion Tata Group. Others who have reportedly bid for Air India include SpiceJet, a consortium comprising several of Air India’s staff and US-bas...

Air India privatisation unlikely to conclude this fiscal Agencies December 20, 2020 New Delhi, Dec 20: Privatisation of Air India may spill into next fiscal year as the divestment process is unlikely to conclude in the remaining a little over three months of 2020-21, an official said. Salt-to-software conglomerate Tata Group and US-based fund Interups Inc were among "multiple" entities that put in preliminary bids last week for buying loss-making carrier Air India. A group of over 200 Air India employees also submitted an expression of interest (EoI) for the carrier in partnership with Interu...

New Delhi: Privatisation of Air India may spill into next fiscal year as the divestment process is unlikely to conclude in the remaining a little over three months of 2020-21, an official said. Salt-to-software conglomerate Tata Group and US-based fund Interups Inc were among "multiple" entities that put in preliminary bids last week for buying loss-making carrier Air India. A group of over 200 Air India employees also submitted an expression of interest (EoI) for the carrier in partnership with Interups at the close of the deadline on December 14. 'The Transaction Advisor will inform the qu...

Air India privatisation unlikely to conclude this fiscal: Official In 2018, the government had offered to sell its 76 per cent stake in Air India. (PTI) . Updated: 20 Dec 2020, 12:00 PM IST PTI Air India's divestment process is unlikely to conclude in the remaining a little over three months of 2020-21, an official said Tata Group and US-based fund Interups Inc were among 'multiple' entities that put in preliminary bids last week for buying loss-making carrier Air India Share Via Read Full Story New Delhi: Privatisation of Air India may spill into next fiscal year as the divestment process...

Air India divestment: History suggests still some way to go While in light of recent events concerning Air India’s disinvestment, this is an important step forward in the sale process, history of the airline’s strategic sale exercise would suggest there is still some way to go. Updated: December 20, 2020 8:13:56 am This is the Government’s second attempt at disinvesting its stake in the airline after the previous move in 2018 ended up without a bid. After a series of changes to the bidding conditions and a number of deadline extensions, the governmen...