Etihad Sends Feelers To Anil Ambani To Buy 76% Stake In Air India


Gulf airline major Etihad is planning to bid for state-owned carrier Air India. Etihad is looking for partners in major Indian corporate groups and has sent feelers to Anil Ambani-owned Reliance group (ADAG).

The Union government has invited expression of interest from private players to buy 76 per cent in the national carrier. The sale includes 100 per cent in subsidiary Air India Express and 50 per cent in ground handling joint venture AISATS.

Sources aware of the discussions said talks were at a preliminary stage. “Etihad is scouting for partners to form a consortium to bid for Air India and is in discussion with companies, including the Anil Ambani group,” a source said. There are chances that the talks may not translate into a partnership, but this indicates interest of foreign aviation firms and India Inc in the airline. Read More…

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