Aviation

Air India privatisation: At least 6, including Lufthansa and Etihad, in race for Maharaja

At least half a dozen entities including Hinduja Group, Germany’s Lufthansa, the UAE’s Etihad Airways, Singapore Airlines and the Tata Group may throw their hats in the ring, as the government has expedited the process to sell sick, state-owned airline Air India (AI), sources privy to matter said.

Several steps are being taken to lure the buyers including putting in a place a plan to trim the airline’s 9,400-strong workforce expeditiously.

Logistic issues due to travel restrictions imposed in the wake of Covid-18 have forced the Department of Investment and Public Asset Management (DIPAM) to extend the expression of interest (EoI) submission deadline multiple times. A call would taken next week if it needs to be extended further from August 31, the sources added.

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financial express
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