Home » Employees bid unqualified for Air India

Employees bid unqualified for Air India

According to the internal message, the Air India (AI) employees' union has been disqualified from the bidding process for privatization of the national carrier.

Transaction advisor EY wrote a letter to the group of employees on Sunday informing them of the decision.

“The EOI (Expression of Interest) and supporting documents submitted by you have been duly evaluated and have not met the eligibility requirements laid down in the Preliminary Information Memorandum issued in connection with the strategic disinvestment of Air India Limited (AI). And is liable for disqualification. “

An EOI was presented by a group of 200 AI employees in partnership with a fund based in Seychelles.

The government last January issued a preliminary notice memorandum for the sale of a 100% stake in AI and, later that year, revised a key bid criterion, providing with the flexibility to decide on the loan they would Could take Subsequently, AI received several EoIs.

You have reached your limit for free articles this month.

Membership benefits included

Today's paper

Get a mobile-friendly version of the article from the newspaper of the day in an easy-to-read list.

unlimited access

Enjoy reading as many articles as you want without any limitations.

Personal recommendations

A selected list of articles that match your interests and tastes.

Fast page

Move seamlessly between articles as our pages load instantly.


One-stop-shop to see the latest updates and manage your preferences.


We inform you about the latest and most important events three times a day.

Support quality journalism.

* Our digital subscription plans currently do not include e-paper, crosswords and print.


About the author


Add Comment

Click here to post a comment