{"id":404065,"date":"2021-03-10T09:17:04","date_gmt":"2021-03-10T03:47:04","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=404065"},"modified":"2021-03-10T10:12:23","modified_gmt":"2021-03-10T04:42:23","slug":"air-india-staffs-takeover-bid-disqualified","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/air-india-staffs-takeover-bid-disqualified\/","title":{"rendered":"Air India staff\u2019s takeover bid disqualified"},"content":{"rendered":"<p>A group of Air India Ltd. employees has been ruled out of a bidding process to take control of the loss-making national carrier, as the government moves ahead with its years-long attempt to offload the airline. <\/p>\n<p>\u201cI write to you with a heavy heart on the outcome of our bid to acquire Air India,\u201d the airline\u2019s commercial director Meenakshi Malik wrote in a letter to employees dated March 8. \u201cWe have been unsuccessful in qualifying to the next phase of the \u2018Disinvestment Acquisition process.\u2019\u201d <\/p>\n<p>Citing a letter from Ernst &amp; Young, which is advising the government on the sale, Malik said the group didn\u2019t meet eligibility requirements. They include submitting three years of audited financial statements for foreign consortium members and being an appropriately regulated foreign investment fund.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A group of Air India Ltd. employees has been ruled out of a bidding process to take control of the loss-making national carrier, as the government moves ahead with its years-long attempt to offload the airline. \u201cI write to you with a heavy heart on the outcome of our bid to acquire Air India,\u201d the airline\u2019s commercial director Meenakshi Malik wrote in a letter to employees dated March 8. \u201cWe have been unsuccessful in qualifying to the next phase of the \u2018Disinvestment Acquisition process.\u2019\u201d Citing a letter from Ernst &amp; Young, which is advising the government on the sale, Malik [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-404065","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404065","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=404065"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/404065\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=404065"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=404065"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=404065"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}