Employee group, Interups Inc to bid for Air India
New Delhi: A section of Air India Ltd’s employees along with New York-based company Interups Inc. will be placing an expression of interest (EoI) for the divestment-bound national carrier, ahead of the deadline for the bid on Monday.
The bid, jointly made by Interups Inc. and Air India’s employee group, proposes 51% stake to Air India employee association, which includes about 219 employees, including board members, as part of the consortium, and 49% stake to Interups Inc, Laxmi Prasad, chairman of Interups Inc., told Mint.
“Willing and continuing employees will be offered 51% in the consortium that acquires the airline. No capital investment is required (from them),” Prasad said, adding that if the planned acquisition of Air India was successful, Interups Inc. along with Air India Ltd would sponsor an aviation infrastructure investment trust to monetize certain assets.
