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Tata, Spicejet left in race to acquire Air India, other EoIs rejected: report


Firms/companies > A > Air-India
Tata, Spicejet left in race to acquire Air India, other EoIs rejected: report
08 March 2021
Tata Group and private airline Spicejet are the only remaining bidders for acquiring Air India as all the other expressions of interest (EoI) have been rejected after evaluation, reports citing sources close to the development said.
The odds seem to favour Tata Sons, which is reported to be planning consolidation of its aviation business comprising the two joint ventures of Air Asia and Vistara.
The group is also reported to be setting up a strategy team headed by group chief financial officer Saurabh Agrawal to explore various possible solutions such as mergers and on rebranding its airline ventures, reports citing sources close to the development said. ....

Saurabh Agrawal , Laxmi Prasad , Meenakshi Malik , Air India Express , Singapore Airport Terminal Services , Tata Group , Interups Fund , Government Of India Ernst Young , India Limited , Air India , Foreign Investment Fund , India Airport Services Private Ltd , Tata Sons , Transaction Advisor , Disinvestment Acquisition , Preliminary Information Memorandum , Air India Limited , Net Worth , Air India Airport Services Private , Domain B , லக்ஷ்மி பிரசாத் , மீனாட்சி மாலிக் , அேக இந்தியா எக்ஸ்பிரஸ் , சிங்கப்பூர் விமான முனையத்தில் சேவைகள் , டாடா குழு , அரசு ஆஃப் இந்தியா எர்னிஸ்ட இளம் ,

Air India Employess' consortium out of bid race


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.
The employees had partnered a Seychelles-based fund for the venture. Transaction adviser EY had questioned the operations of the fund which led to the rejection. ....

West Bengal , Republic Of Seychelles , Pawan Ruia , Meenakshi Mallik , Ajay Singh , Government Of India Ernst Young , Air India , Corporation Of India , Pawan Hans , Air India Employes , Preliminary Information , Disinvestment Acquisition , Shipping Corporation , Pawan Hans Limited , Transaction Advisor , Qualified Interested Bidders , Proposed Transaction , மேற்கு பெங்கல் , குடியரசு ஆஃப் சீஷெல்ஸ் , பவன் ருய்யா , மீனாட்சி மல்லிக் , அஜய சிங் , அரசு ஆஃப் இந்தியா எர்னிஸ்ட இளம் , அேக இந்தியா , நிறுவனம் ஆஃப் இந்தியா , பவன் ஹான்ஸ் ,

AI divestment bid: Air India Employees Consortium disqualified from process


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 year, to participate in strategic divestment of the national carrier Air India.
The Government of India has informed the AI Employees Consortium by an email on Monday that their submission for the Air India disinvestment acquisition process is not fulfilling the eligibility. ....

Meenakshi Malik , Government Of India Ernst Young , Air India , India Employees Consortium , Ai Employees Consortium , Air India Employees Consortium , Transaction Advisor , Preliminary Information , Malik Air India , Disinvestment Acquisition , Air India Divestment , Air India Employees , National Carrier Air India , மீனாட்சி மாலிக் , அரசு ஆஃப் இந்தியா எர்னிஸ்ட இளம் , அேக இந்தியா , இந்தியா ஊழியர்கள் கூட்டமைப்பு , ஐ ஊழியர்கள் கூட்டமைப்பு , அேக இந்தியா ஊழியர்கள் கூட்டமைப்பு , ப்ரிலிமிநரீ தகவல் , மாலிக் அேக இந்தியா , அேக இந்தியா ஊழியர்கள் , தேசிய கேரியர் அேக இந்தியா ,

Air India Employees Consortium Disqualified From Divestment Process


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 expression of interest , last year, to participate in strategic divestment of the national carrier Air India. The Government of India has informed the AI Employees Consortium by an email on Monday that their submission for the Air India disinvestment acquisition process is not fulfilling the eligibility. ....

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