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.

This content is restricted to site members.

If you are an existing user, please login below.
New users may register below.

Existing Users Log In