New Delhi: New York-based Interups Inc, which had earlier shown its interest in bidding for national carrier Air India Limited, has now choosen not to submit an expression of interest (EoI), the chairman of the company said on Tuesday ahead of the deadline to submit physical EoIs. The company had earlier submitted an electronic EoI but decided to not to go ahead with physical EoI. "Clause 10.9 of the memorandum asserts brings a potential legal disqualification. As things stand, a section of Air India Ltd's employees, and Tata Group are among those who have filed EoIs for Air India. About 219 employees of the airline, headed by the airline's director (commercial) and board member Meenakshi Mallik have submitted EoI to bid for the airline.

Source: Mint December 29, 2020 15:56 UTC