Air India privatisation: Tata Group unlikely to bid for the national carrier
Air India privatisation: India, keen to sell the loss-making, debt-ridden airline, finalised plans in late March to divest a 76 percent stake and offload about $5.1 billion of its debt. But the government has stipulated the winning bidder cannot merge the airline with existing businesses as long as the government holds a stake
Since the terms were disclosed, no company has come forward to say it is interested or to reaffirm previous interest, while Jet Airways and rival IndiGo, have already publicly opted out of the race. Image source: Reuters