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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.
Air India divestment: Government may inform qualified bidders by January 30
IANSJan 16, 2021, 10:22 IST
BCCL
New Delhi, The Centre is likely to intimate the qualified bidders for
national carrier Air India by the end of the month, as the evaluation of the expressions of interest (EoI) is still underway, official sources said.
The government was to intimate the bidders by January 5. People in the know of the developments said that the transaction advisors are in touch with the interested bidders regarding several queries and the qualified bidders will be intimated only after the government is satisfied with the responses from the bidders.
The Centre is likely to intimate the qualified bidders for national carrier Air India by the end of the month, as the evaluation of the expressions of interest (EoI) is still underway, official sources said.
The Centre is likely to intimate the qualified bidders for national carrier Air India by the end of the month, as the evaluation of the expressions of interest (EoI) is still underway, official sources said.The government was to intimate the .
Air India disinvestment: Qualified bidders to be announced on Jan 5
In stage II, shortlisted bidders will be given a request for proposal (RFP), post which a transparent bidding process will take place
BusinessToday.In | December 29, 2020 | Updated 19:48 IST
Photo Credit: Getty Images
The disinvestment of Air India is to enter its second stage on January 5 next year, when the names of the qualified bidders will be announced.
The process has been divided into two stages, as explained by Civil Aviation Secretary Pradeep Singh Kharola at a press conference. In the first stage, expressions of interest (EoI) were received from interested bidders who will now be shortlisted contingent on their eligibility as defined by the terms in the Preliminary Information Memorandum (PIM), reported ANI.