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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.
Goyal invites Singapore to invest in semiconductor manufacturing in India
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सिंगापुर पहुंची मॉडर्ना कोरोना टीकों की पहली खेप
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Air India sale: Govt gets a surprise bid for national carrier, who s it?
Pawan Ruia, chairman of Ruia Group has submitted an EoI (expressions of interest) to buy a 100% stake in the embattled national carrier
BusinessToday.In | February 10, 2021 | Updated 20:32 IST
The EoI was submitted under a consortium led by Kanti Commercials Private Ltd, a company associated with the Ruia Group
The government, besides two expressions of interest (EoI) for Air India, has received a surprise bid from Pawan Ruia, chairman of Ruia Group.
The businessman has submitted an EoI to buy a 100% stake in the embattled national carrier. Tata Group and an employees consortium of Air India are other entities that have expressed interest in Air India.
Centre may get around Rs 15,000 crore from Air India sale
Potential bidders are attributing zero value to the equity of the financially troubled company, with the Tata Group deemed to be a frontrunner for taking over Air India
BusinessToday.In | February 4, 2021 | Updated 13:00 IST
Air India presently has a fleet of 121 aircraft, out of which 65 are owned, while its subsidiary Air India Express has 25 Boeing 737, of which 10 are owned
The government is hoping to fetch approximately Rs 15,000 crore from the sale of national carrier Air India, its subsidiary Air India Express and AISATS - a 50:50 joint venture partnership between Air India and Singapore Airport Terminal Services (SATS) Limited.