Tata Sons, Spicejet in the race for Air India, after employees’ consortium was disqualified
IANS
According to news reports,
Air India’s divestment advisors have rejected other bids, and only the Tatas and India’s largest cargo operator Spicejet remain in the fray for buying the cash-strapped flag carrier.
A group of 209 employees of Air India had also put in a bid. And while confirming the news, Air India’s Commercial Director Meenakshi Malik told Moneycontrol that the consortium hadn t made it to the next round of divestment.
Media reports further indicated that Essar,
Pawan Ruia of Dunlop and Falcon Tyres had also put in bids for Air India however, the bids have been rejected.After the consortium of Air India employees backed by NRI businessman Laxmi Prasad and his New York-based Interups Fund was disqualified only the Tata Group and India’s largest cargo operator Spicejet remain in the fray for buying the cash-strapped Air India, according to news reports.
American fund Interups to submit physical bid today for Air India | एयर इंडिया के लिए आज फिजिकल बिड देगा अमेरिकी फंड इंटरअप्स bhaskar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bhaskar.com Daily Mail and Mail on Sunday newspapers.
Air India asks employees who submitted EOI to stay away from policy matters
After its unsuccessful attempt to sell Air India in 2018, the government in January this year restarted the divestment process
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A group of Air India employees who have submitted an expression of interest (EOI) for the carrier should only do day-to-day work and not handle policy or strategic issues that may have a bearing on the airline s disinvestment plans, according to an official order seen by PTI.
The group of 219 Air India employees, led by its Commercial Director Meenakshi Malik, had partnered with a private financial institution and submitted an EOI for the carrier on Monday.
A group of Air India employees who have submitted an expression of interest (EOI) for the carrier should only do day-to-day work and not handle policy or strategic issues that may have a bearing on the airline s disinvestment plans, according to an official order. The group of 219 Air India employees, led by its Commercial Director Meenakshi Malik, had partnered with a private financial institution and submitted an EOI for the carrier on Monday. The last date to submit EOI was Monday. The government will announce the names of the qualified bidders by December 28. In an internal order issued on Wednesday, Air India stated that the aforementioned employees need to submit a formal intimation of participation in the consortium of management-employees. through their respective departmental heads to the office of General Manager (Personnel), Headquarters, New Delhi by December 21.
Employees who submitted EOI should only daily work and not handle policy issues: Air India
The group of 219 Air India employees, led by its Commercial Director Meenakshi Malik, had partnered with a private financial institution and submitted an EOI for the carrier on Monday.
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NEW DELHI: A group of Air India employees who have submitted an expression of interest (EOI) for the carrier should only do day-to-day work and not handle policy or strategic issues that may have a bearing on the airline s disinvestment plans, according to an official order.
The group of 219 Air India employees, led by its Commercial Director Meenakshi Malik, had partnered with a private financial institution and submitted an EOI for the carrier on Monday.