Air India bidders lose interest

Eleanor Steed
By Eleanor Steed April 17, 2018 16:58

Air India bidders lose interest

Local media reports state that IndiGo, Spicejet and Jet Airways have pulled out of the bidding for a stake in Air India, rumoured to be put off by the large debt burden they would be taking on with the 76% stake as well as the forced IPO caveat. Political interest in the sale is also accelerating as the debate on whether foreign owners could take a majority stake in the debt-ridden airline continues.

Eleanor Steed
By Eleanor Steed April 17, 2018 16:58