NEW DELHI: IndiGo , India’s largest airline by market share, and Abu Dhabi-based Etihad Airways have met government officials and evinced interest in ailing national carrier Air India , a senior government official told ET.“Representatives from these companies have met government officials and, unofficially, shown interest in the national carrier. The Tata Group, however, has not shown any interest yet,” said the official, who sought anonymity.The government, which could not sell 76% in Air India last year, is offering 100% stake this time. But the response to road shows in Singapore and London were not encouraging.Officials said that they did, however, see interest from a couple of private equity investors. “There are these two companies and a couple of private equity investors who have shown some interest. It may also waive the airline’s entire working capital debt of about Rs 15,500 crore, so that Air India is left with a loan burden of about Rs 20,000 crore.According to the approved plan, Air India will be offered along with low-cost international subsidiary Air India Express as well as its 50% stake in ground-handling company Air India Singapore Airport Terminal Services.

Source: Economic Times December 31, 2019 02:03 UTC