INSUBCONTINENT EXCLUSIVE:
Authors: TheIndianSubcontinent News AgencyQualified bidders for Air India will be announced on June 15.New Delhi: India has extended the
deadline to receive initial bids for its stake in state-run carrier Air India to May 31 from May 14, according to a notification issued by
it is interested or to reaffirm previous interest, while Jet Airways and rival IndiGo, owned by InterGlobe Aviation, have already publicly
suitor for Air India, is also unlikely to consider a bid for the state-run carrier as the government's terms are too onerous
with existing businesses as long as the government holds a stake
The winner may also be required to list Air India and would need to abide by rules set to safeguard employee interests, restricting its
seeking clarity on the initial terms
These were mainly about the impact of the government's decision to hold a 24 percent stake, the make-up of the airline's debt and
by staff and is published from a syndicated feed.)
