Tatas, SpiceJet’s founder among few left in Air India race
NEW DELHI: The race for acquiring Air India is fast narrowing down, with the Tata Group and SpiceJet NSE 1.02 % promoter Ajay Singh among the few left in the bid to take over the airline. A section of Air India employees led by the airline’s director (commercial) Meenakshi Mallik has not made it to the list of qualified bidders.
“We were informed (by transaction advisor Ernst and Young LLP India) on Sunday that we did not make it,” Mallik told TOI on Monday. AI founder Tatas are seen as most likely to re-acquire it, being the only financially strong player in the fray.
