- Friday, April 19, 2024
By: Sarwar Alam
Jet Airways on Tuesday (10) became the latest major Indian airline to rule out a bid for debt-laden national carrier Air India in a new blow to the government’s privatisation plans. The announcement came just days after rival IndiGo pulled out of the race to acquire Air India’s operations meaning the government now has no clear frontrunner in the sale campaign. “We welcome the government move to privatise Air India. It is a bold step,” Jet Airways’ deputy chief executive, Amit Agarwal said. “However, considering the terms of offer in the information memorandum and based on our review, we are…
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