The Union Government had decided to disinvest Air India which has turned into a White Elephant to the national exchequer. Back then, there are rumors that Tata Group is keen on buying the Airlines but the company has rejected any such plans.
[m9ad]
Now fresh rumors are that IndiGo is keen on bagging the debt-laden flag carrier of India. IndiGo, the country’s biggest airline by market share reportedly sent an expression of interest to the Government of India and the civil aviation ministry is yet to respond.
Privatization of Air India, which has more than Rs 50,000 crore of debt on its books is crucial for the government. Sources say that a wide range of players — both international and domestic — have informally expressed interest in Air India. But they have not yet made a formal application like IndiGo.
