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With Strategic Investors, Indian American-Run Interups Inc. is Now in Fray for Air India


NEW DELHI – Backed by strategic investors from the U.S. and Europe, Interups Inc. – led by Indian American entrepreneur Laxmi Prasad – Dec. 15 submitted a joint “expression of interest” with Air India employees for the government’s stake in the national carrier Air India.
Prasad, chairman of Interups Inc., said: “We plan to allocate 51 percent of the stake to employees, while rest 49 percent will be kept with us. We have a number of U.S. and Europe-based strategic NRI investors. If successful in acquiring the stake, we plan to off-load infrastructure assets of the airlines to an ‘InvITs,’ while operational assets will be kept with the company. We foresee a lean management styled company.” ....

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Air India Sale Date News Update; Air India Auction And Bidding Process | Tata Group Spice Jet Kanti Commercial In Fray To Acquire Air India | आखिर कैसे होगी एयर इंडिया की नीलामी? जो खरीदना चाहते हैं, उनका खुद का ठिकाना नहीं, जानिए सबकुछ

Air India Sale Date News Update; Air India Auction And Bidding Process | Tata Group Spice Jet Kanti Commercial In Fray To Acquire Air India | आखिर कैसे होगी एयर इंडिया की नीलामी? जो खरीदना चाहते हैं, उनका खुद का ठिकाना नहीं, जानिए सबकुछ
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