New Delhi: The financial bids for Air India are likely to be opened on Wednesday and the winning bid could be announced by October 15, CNBC-TV18 reported.
“Tatas are being seen as the front runners for Air India divestment,” sources told CNBC-TV18. The deadline for submission of financial bids for Air India ended on September 15. The government said that it received “financial bids” for Air India.
Tata Sons, another consortium of some AI employees and Interups, and Spicejet were in the process of taking over Air India initially when Expression of Interests was invited.
The proposal to award the Air India bid will need Home Minister-headed Group of Minister’s approval.
The winner will get control of 4,400 domestic and 1,800 international landing and parking slots at domestic airports, as well as 900 slots at airports overseas in addition to 100 per cent of the low-cost arm Air India Express and 50 per cent of AISATS, which provides cargo and ground handling services at major Indian airports.
Mumbai: Television actress Hina Khan, who is battling breast cancer, recently met host Salman Khan…
Mumbai: Following reports of his alleged link-up with bassist Mohini Dey, renowned music composer AR…
Mumbai: The love story of actors Tamannaah Bhatia and Vijay Varma has not been clandestine.…
Puri: Shree Jagannath Temple Administration (SJTA) has received the report of the Ratna Bhandar’s GPR-GPS…
With his debut novel ‘The Other Side of the Rainbow’ published recently, Niranjan Nayak, an…
Bhubaneswar: Odisha outplayed Chhattisgarh 4-1 on Saturday to seal a berth in the final round…
Mumbai: The Telangana government’s notice barring him from singing songs promoting alcohol and drugs at…
Bhubaneswar: Prime Minister Narendra Modi will participate in the ‘Odisha Parba 2024’ programme on Sunday…