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Employees out of race to run Air India; Tatas, SpiceJet in fray

Employees out of race to run Air India; Tatas, SpiceJet in fray
While Tata Sons’ interest to own the airline, which it had started, is known, SpiceJet’s promoter Ajay Singh is said to have submitted an Expression of Interest in his personal capacity.
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By Express News Service
NEW DELHI: The Air India employee consortium that had put in an Expression of Interest (EoI) for the privatisation of the national airline, has failed to make the cut to the next round.
The consortium’s bid was rejected as it failed to meet the eligibility criteria. With this fresh disqualification, now only two players are left in the race to acquire the Maharaja. ....

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Air India sale: Employee consortium disqualified from bid, Tatas favourite

Updated Mar 08, 2021 | 21:50 IST
After the latest development, now, Tata Group and SpiceJet promoter Ajay Singh are among those left in the bid to take over the national carrier. Tata seems to the leading the race at the moment
Air India sale: Employee consortium disqualified from bid, Tatas favourite
New Delhi: The Air India employee consortium failed to make it to the next round of divestment process as their Expression of Interest for the privatization of the national carrier did not made the cut. In a three-page letter to employees, Meenakshi Mallik, Commercial Director, informed the consortium that its bid was not shortlisted. ....

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Tata Sons, Spicejet in the race for Air India, after employees' consortium was disqualified

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, accordin ....

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Interups close to buying majority stake in Trujet - The Hindu BusinessLine

Interups close to buying majority stake in Trujet
March 02, 2021
Trujet links main cities with Tier-2 and -3 cities using eight ATR 72 aircraft, under UDAN - The Hindu
Trujet links main cities with Tier-2 and -3 cities using eight ATR 72 aircraft, under UDAN - The Hindu×
US-based fund also backs Megha Engg for Shipping Corp bid
US-based Interups Inc is close to signing an agreement to buy a majority stake in Trujet a scheduled regional carrier holding a scheduled commuter operator permit from Hyderabad-based Megha Engineering & Infrastructures Ltd, multiple sources said.
The New York-based fund, led by Indian-born Laxmi Prasad, has also backed Megha Engineering & Infrastructures, which had submitted an expression of interest (EoI) for the privatisation of state-run carrier Shipping Corporation of India Ltd on Monday. ....

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Govt likely to fetch around Rs 15,000 crore from sale of Air India

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