After IndiGo, Jet Airways opts out of Air India bid

Updated:7 months, 1 week ago IST

New Delhi, Apr 10 (ANI): Jet Airways on Tuesday became the latest Indian airline to distance itself from Air India disinvestment process. Earlier, IndiGo had opted out from the divestiture process of Air India stating that it was not interested in taking over its domestic operations. IndiGo was the first airline that had officially expressed an interest to buy the national carrier when the Government had mooted the plan last year. Starting the disinvestment process, the government has released detailed preliminary information memorandum, detailing plans to offload up to 76 per cent stake in Air Indiaand transfer the management control to private players. The last date for submission of Expression of Interest (EoI) is May 14 and intimation to the qualified interest bidders would be made on May 28.

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