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Air India Employess’ consortium out of bid race The government is looking to complete the process of the airline’s privatisation by next fiscal The proposal of the employees of Air India to take over the running of the ailing carrier has been rejected by the transaction adviser, leaving the Tatas as the favourite in the privatisation race along with Pawan Ruia and SpiceJet promoter Ajay Singh . “The financial bids would be called soon as the first stage of the process is over,” sources said...

AI divestment bid: Air India Employees Consortium disqualified from process AI Employees Consortium submitted an 'expression of interest', last year, to participate in strategic divestment of the national carrier Air India. (Image Source: File Photo) Updated: Mar 9, 2021, 05:06 PM IST Air India Employees Consortium, which participated in the Air India divestment bid, was disqualified from the divestment process by the Transaction Advisor to the Government of India (Ernst & Young LLP) on Monday. AI Employees Consortium submitted an 'expression of interest', last y...

Air India Employees Consortium Disqualified From Divestment Process Air India Employees Consortium Disqualified From Divestment Process Air India Employees Consortium submitted an ''expression of interest'', last year, to participate in strategic divestment of the national carrier Air India. Divestment of Air India is still under process Air India Employees Consortium, which participated in the Air India divestment bid, was disqualified from the divestment process by the Transaction Advisor to the Government of India (Ernst & Young LLP) on Monday. AI Employees Consortium submitted an ''ex...

Employees out of reckoning to run Air India March 08, 2021 Transaction advisor spells out three reasons for disqualifying Expression of Interest Air India employees have been unsuccessful in their bid for being the new owners of Air India. In a three-page letter to employees, Meenakshi Mallik, Commercial Director, has said that she has seen an email from the transaction advisor EY to the government, informing the employees of AI that they have been unsuccessful in qualifying for the next phase of the ‘Disinvestment Acquisition’ process. The letter spells out three reasons for the Expres...

Updated Mar 08, 2021 | 21:50 IST After the latest development, now, Tata Group and SpiceJet promoter Ajay Singh are among those left in the bid to take over the national carrier. Tata seems to the leading the race at the moment Air India sale: Employee consortium disqualified from bid, Tatas favourite  New Delhi: The Air India employee consortium failed to make it to the next round of divestment process as their Expression of Interest for the privatization of the national carrier did not made the cut. In a three-page letter to employees, Meenakshi Mallik, Commercial...