The winning party for Air India remains murky at best.
Bloomberg earlier reported a panel of Indian Government ministers had selected the bid of the Tata Brothers for control of the Air India assets. Tata was the original owner of Air India when it started operations as Tata Airlines.
However Reuters issued this report:
“India’s finance ministry said on Friday reports suggesting the government has picked a winning bid for the debt-laden state-run airline Air India were incorrect.
Earlier on Friday, Bloomberg reported that a panel of ministers accepted a proposal from officials recommending salt-to-software conglomerate Tata Sons ahead of an offer from Ajay Singh, promoter of India’s airline operator Spicejet Ltd.
“Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect,” the ministry said in a tweet. “Media will be informed of the Government decision as and when it is taken.”
Air India has not commented.
Top Copyright Photo: Air India Boeing 777-337 ER VT-ALN (msn 36312) JFK (Fred Freketic). Image: 955332.
Air India aircraft slide show: