Struggling India Carrier Gets Bids From Employee Group, Tatas
- Tata Sons is said to have submitted an expression of interest
- Monday was deadline for potential bidders for Air India
An Air India Ltd. aircraft prepares to land at Netaji Subhas Chandra Bose International Airport in Kolkata, India.
Photographer: Arko Datto/BloombergThis article is for subscribers only.
Air India Ltd. has received early bids from the Tata Group and a cohort of its own employees as the government tries to rescue its loss-making flag carrier.
Tata Sons Ltd., the holding company of the conglomerate that controls Jaguar Land Rover and part-owns Air Asia Co.’s Indian unit, has submitted an expression of interest, according to people with knowledge of the matter. A group of 219 Air India employees has also submitted a bid to purchase a majority stake.