New Delhi: After Tata Group and IndiGo, Air India’s privatisation bid has received yet another boost as private equity players KKR and Co and Warbug Pincus have expressed interest in acquiring the national carrier’s businesses, reported Live Mint.
The two buyout firms separately sought details of the proposed privatisation process cleared by the Union Cabinet in June 2017, two people aware of the development said. (Read more)
“Air India’s businesses make attractive investment opportunity for the PE funds,” a source told the English newspaper, saying the discussions on the divestment are still underway.
The government is expected to take some action on privatising the loss-making state-owned airline Air India in next six months. Prime Minister Narendra Modi last month approved plans or selling part or all of the company, ending decades of state support. (Read more)
Staying afloat on little over Rs 30,000 crore bailout package extended by the previous UPA regime, Air India is saddled with nearly Rs 50,000 crore debt and is in discussions with lenders on ways to restructure the loans.
InterGlobe Aviation that runs the IndiGo airline and Tata Group that runs Vistara and AirAsia India airlines have earlier expressed an interest. Low-cost carrier IndiGo has a 40 per cent share of the domestic market.
24/07/17 Business Standard
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The two buyout firms separately sought details of the proposed privatisation process cleared by the Union Cabinet in June 2017, two people aware of the development said. (Read more)
“Air India’s businesses make attractive investment opportunity for the PE funds,” a source told the English newspaper, saying the discussions on the divestment are still underway.
The government is expected to take some action on privatising the loss-making state-owned airline Air India in next six months. Prime Minister Narendra Modi last month approved plans or selling part or all of the company, ending decades of state support. (Read more)
Staying afloat on little over Rs 30,000 crore bailout package extended by the previous UPA regime, Air India is saddled with nearly Rs 50,000 crore debt and is in discussions with lenders on ways to restructure the loans.
InterGlobe Aviation that runs the IndiGo airline and Tata Group that runs Vistara and AirAsia India airlines have earlier expressed an interest. Low-cost carrier IndiGo has a 40 per cent share of the domestic market.
24/07/17 Business Standard
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