IndiGo’s interest to buy Air India boosts government sale plan - News Summed Up

IndiGo’s interest to buy Air India boosts government sale plan


The budget carrier operated by InterGlobe Aviation Ltd has written to the government that it’s keen to acquire the airline operations of Air India and its budget airline unit Air India Express Ltd, the company said in a filing Thursday. Also Read: Will Air India be rebranded after privatisation? Air India, which is known for its Maharajah brand icon, traces its roots to Tata Airlines, founded in the 1930s by the then-patriarch of Tata Group, J.R.D. Also Read: Air India disinvestment: Only the brave will take on the airline, says Anand MahindraIndiGo may face rival bidders too. Tata Sons Ltd, the conglomerate that had expressed interest in Air India back in 2000, may again be drawn to a potential sale, some local media have reported.


Source: Mint June 30, 2017 04:30 UTC



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