No take-off for Air India

• Eastern Eye Staff
• 07 June, 2018

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.