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Travel News - Centre invites financial bids for Air India to complete sale by September

Centre invites financial bids for Air India to complete sale by September
The Centre is set to invite financial bids for Air India as it looks to complete the sale of the troubled national carrier by September, reports The Telegraph.
After its assessment of the preliminary bids, the government has placed all the financial and operational details of Air India (virtual data room) for due diligence before the bidders, which include the Tatas and a consortium led by SpiceJet. The expression of Pawan Ruia has apparently been tossed out along with the overtures by the employees union.
Civil Aviation Minister Hardeep Singh Puri has said the government will keep the carrier running till it gets divested and there is no choice but to either privatise or close down the airline. ....

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Centre set to invite financial bids for Air India

Centre set to invite financial bids for Air India
Civil aviation minister Hardeep Singh Gill has said the govt will keep the carrier running till it gets divested
The Centre is set to invite financial bids for Air India as it looks to complete the sale of the troubled national carrier by September.
After its assessment of the preliminary bids, the government has placed all the financial and operational details of Air India (virtual data room) for due diligence before the bidders, which include the Tatas and a consortium led by SpiceJet. The expression of Pawan Ruia has apparently been tossed out along with the overtures by the employees union. ....

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Air India | Govt poised to invite financial bids for Air India, wants to seal deal by September

Updated Apr 14, 2021 | 14:31 IST
Worth mentioning here is that the Air India privatisation process got delayed due to the disruptions caused by the Covid-19 crisis.
Govt poised to invite financial bids for Air India, wants seal deal by September. | Photo Credit: BCCL
New Delhi: The government is reportedly poised to invite financial bids for Air India as it wants to conclude the sale of the ailing national carrier by September. After analysing the preliminary bids, the Centre has placed all the financial and operational details of Air India (virtual data room) for due diligence before the bidders.
Tata Sons the holding company of the $113 billion coffee-to-cars conglomerate Tata group and SpiceJet have been shortlisted for the bid to buy out cash-strapped Air India. ....

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Ajay Singh keen to board Air India

Singh, who cofounded SpiceJet in 2005 and sold it to Kalanithi Maran in 2010, returned in 2015, and is credited with turning around the then-ailing airline. ....

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