• Saturday, July 02, 2022

Business

No take-off for Air India

By: Eastern Eye Staff

AUCTION FAILS TO FIND STAKEHOLDER INDIA’S government announced last Thursday (31) that its auction for a majority stake in its debt-stricken airline Air India had received no bids. The cut-off date has already been put back by three weeks because of a lack of interest from buyers for the beleaguered airline. “No response has been received for the Expres­sion of Interest floated for the strategic disinvest­ment of Air India,” India’s aviation ministry posted on Twitter as the deadline closed. “Further course of action will be decided appropriately.” Government officials were optimistic of a late of­fer, but aviation analysts said there…

You do not have access to this content. You need to subscribe.

Eastern Eye

Related Stories

Eastern Eye

Videos

Mrunal Thakur on Dhamaka, experience of working with Kartik Aaryan,…
Nushrratt Bharuccha on Chhorii, pressure of comparison with Lapachhapi, upcoming…
Abhimanyu Dassani on Meenakshi Sundareshwar, how his mom Bhagyashree reacted…