A similar situation has emerged in the sale of Air India. As it happened, nobody turned up, even to express interest in acquiring Air India. In the case of Air India, nobody had the courage (or foolhardiness) to even express interest. It was almost as if the government was doing us a favour by offering Air India,” one of the insiders lamented. Entrepreneurs and corporate conglomerates can set up a new airline for much less than the cost of acquiring Air India.

Source: dna June 04, 2018 02:48 UTC