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Friday, 29 December, 2017, 15 : 00 PM [IST]

Only InterGlobe Aviation show interest in Air India

As per the Financial Express report, InterGlobe Aviation, a low cost airliner, is the lone bidder which has shown interest in acquiring the operation of Air India and Air India Express, the Minister of State for Civil Aviation, Jayant Sinha said on Thursday. The Cabinet committee on Economic affairs, in its meeting held on June 28, gave in-principle approval for considering strategic disinvestment of Air India, its five subsidiaries and constitution of Air India Specific Alternative Mechanism (AISAM) to guide the process of strategic disinvestment from time to time and decide on issues.

The minister, however, did not elaborate on the details of the expression of interest shown by InterGlobe.

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