Probable bidders 'arm twisting' govt on Air India sale: Unions

A forum of 10 Air India unions also reiterated its opposition to the privatisation of the loss-making airline.

Not participating in process: After IndiGo, Jet Airways rules out Air India bid

Air India ran losses for nearly a decade after a botched merger in 2007 and has debts of around USD 7.67 billion as per govt figures.

IndiGo was one of the first players to show interest in Air India soon after the govt approved for its disinvestment in June 2017.

The Civil Aviation Ministry has sought Expression of Interest for the stake sale in the loss-making carrier and two of its subsidiaries.

The Committee also expressed apprehension that Air India's strategic disinvestment 'would result in job loss of many people'.

‘We want the Air India to serve the nation, to serve the people and fly high,’ civil aviation minister says in Lok Sabha.

A top Jet Airways executive acknowledged that the company was eyeing the debt-reeling national airline.

The DIPAM, in September, had invited applications for engaging two advisors and a legal advisor for Air India's disinvestment.

Earlier in the year, the Union Cabinet gave 'in-principle' nod to the disinvestment of the national carrier.

Earlier in the year, the Union Cabinet gave in-principle approval to go ahead with the disinvestment of the loss-making carrier.