IndiGo, Qatar Airways likely to make a joint bid for Air India

State-owned Qatar Airways and India’s largest budget carrier IndiGo are likely to put up a joint bid for ‘The Maharajah’.

Indian budget carrier IndiGo, which is battling cancellations owing to engine troubles, and Qatar Airways are likely to make a joint bid for ailing Air India, according to a report in The Financial Express. The Centre is preparing to call for Preliminary Interest Memorandums (PIM) and Expression of Interest (EoI) from interested parties for the flag carrier.

According to the report, the government has clarified that the net worth criteria that bidders must adhere to is likely to be Rs 1,000 crore, calculated on the basis of an existing formula under the Companies Act, before they are allowed to put in bids and access the bid data for the national carrier.

IndiGo is owned by Interglobe Aviation Ltd while Qatar Airways is owned by the Government of Qatar. In the past, Qatar Airways had shown interest in picking up a stake in IndiGo, but the latter had rejected the offer.

IndiGo was one of the first airlines to openly express interest in purchasing international operations of Air India after the government announced plans for the national carrier’s divestment.

 

News Source: http://www.financialexpress.com/

About author

TnH Global
TnH Global 3913 posts

Our platform is the most comprehensive, current and accurate content destination for tourism that also offers the opportunity to connect and network with quality buyers and sellers.

Name: TnH Global              Email: admin@tnhglobal.com

You might also like

Latest

Ukrainians cheer on first day of visa-free EU travel

Ukrainians yesterday celebrated the first day of visa-free access to the European Union, with thousands crossing the border as President Petro Poroshenko proclaimed a dramatic “exit” from Moscow’s grip. The move

Government

Explore 7 destinations across India at Rs 872 per day, train to leave Chandigarh next week

The train named ‘7 Jyotirlinga Yatra’, being launched by the Indian Railways Catering and Tourism Corporation (IRCTC) from June 18, will offer you a 12 days and 11 nights package

Destinations

Lords Hotels & Resorts receives TripAdvisor Certificate of Excellence

15 of its hotel properties & 4 restaurants recognized for delivering World Class Services Lords Hotels & Resorts has been honoured by TripAdvisor with the Certificate of Excellence, 2018. One of

0 Comments

No Comments Yet!

You can be first to comment this post!