The much awaited divestment of Air India has seen interest from up to six players, said Kapil Kaul, CEO & Director, South Asia, CAPA.
"We see four Indian players, Jet Airways, IndiGo, SpiceJet and Vistara as interested parties to buy the stake in Air India," said Kaul while addressing a summit on aviation here.
He added that two non-aviation companies are also looking to present bids, but that might depend on the funding they receive. "These companies are looking for partners for funding," said Kaul.
The bidders will be short listed in four weeks. Kaul expects the whole divestment process to get over by July.
The CAPA senior executive underlined that any bid might need a big source of funding, especially if Air India is valued at USD 4-5 billion.
"Except IndiGo, don't know where the funding is going to come from in the case of other players," said Kaul.
Responding to a question, Kaul said that it's a positive that Air India's low cost long haul carrier Air India Express has been included in the deal. "Air India Express is a strong asset," he said.
30/01/18 moneycontrol.com
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"We see four Indian players, Jet Airways, IndiGo, SpiceJet and Vistara as interested parties to buy the stake in Air India," said Kaul while addressing a summit on aviation here.
He added that two non-aviation companies are also looking to present bids, but that might depend on the funding they receive. "These companies are looking for partners for funding," said Kaul.
The bidders will be short listed in four weeks. Kaul expects the whole divestment process to get over by July.
The CAPA senior executive underlined that any bid might need a big source of funding, especially if Air India is valued at USD 4-5 billion.
"Except IndiGo, don't know where the funding is going to come from in the case of other players," said Kaul.
Responding to a question, Kaul said that it's a positive that Air India's low cost long haul carrier Air India Express has been included in the deal. "Air India Express is a strong asset," he said.
30/01/18 moneycontrol.com
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