Daily Archives: April 12, 2018

Why are suitors backing out of Air India bidding?

The Air India ramp at Mumbai CSMI Airport. Photo by and copyright Devesh Agarwal.

Two weeks ago, the Government of India released its preliminary information memorandum (PIM) inviting expressions of interest on their strategic divestment of national carrier Air India. The last week has seen, three of the most likely suitors indicating their lack of interest in bidding for the beleaguered airline. Download a copy of the PIM at the end of the article …

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