Indonesia Singapore Malaysia Vietnam Thailand Philippines Myanmar

India Greater China Rest of Asia World

E-Commerce & Internet Economy Technology Real Estate and Infrastructure Financial Services Social Infrastructure Deals Barometer

Group of 219 Air India employees bid for a 51% stake in the debt-laden national carrier

Group of 219 Air India employees bid for a 51% stake in the debt-laden national carrier

Photo: Daniel Eledut

14 December, 2020

A group of 219 Air India Ltd. employees submitted a bid to purchase 51% of the loss-making state-owned carrier.

Printed by Unregistered user on Mon, 25 Sep 2023 17:54:02 GMT

Air India Air India sale

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief

Subscribe to Newsletter

Related Stories

Tata Sons likely to bid for Air India, may persuade partner Singapore Airlines to join

Tata operates Vistara along with Singapore Airlines and wants the latter to waive off a non-compete clause.

Debt-laden Air India set to raise another $135m to refinance Boeing jetliner acquisition

The airline is planning a total fundraising of about $833m.

Government may further reduce potential bidders' debt burden in Air India sale

At present, the debt offered is nearly equal to the value of Air India’s assets.

India may sweeten Air India sale offer by dropping $3.3b debt condition

The airline posted a loss of $1.2b in 2019— its highest ever.