Air India news | IndiGo and Etihad have shown interest in buying Air India

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The government, which failed to sell 76% of Air India last year, is offering a 100% share this time. But the response to roadshows in Singapore and London was not encouraging. The center is likely to provide an expression of interest (EoI) ...

Air India news: A government official said, IndiGo, India's largest airline by market share, and Etihad Airways, based in Abu Dhabi, have met and expressed interest in India's national airline. 

"Representatives of these companies have met government officials and have expressed an informal interest in the national operator. The official, who asked not to be identified, said," The Tata Group has not shown any interest yet. "

The government, which failed to sell 76% of Air India last year, is offering a 100% share this time. But the response to roving presentations in Singapore and London was not encouraging.

The authorities said, however, they saw the interest of two private equity investors. There are these two companies and two private equity investors who have shown some interest. "It is unlikely that a major airline like Air India will receive more attention," the official said.

The center will likely provide EoI (Expression Of Interest) documents next month.





Between these two providers, IndiGo could make a bid for 100% in Air India, but the Etihad can only own 49% according to current FDI standards.

The rules allow a foreign operator to own up to 49% in an Indian airline, but 100% foreign investment in an airline is allowed. This means Etihad can bid for a 100% stake in Air India in partnership with the Abu Dhabi Investment Authority (ADIA) or with the National Investment and Infrastructure Fund.