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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.

An Air India Ltd. aircraft prepares to land at Netaji Subhas Chandra Bose International Airport in Kolkata, India.

Photographer: Arko Datto/Bloomberg
Updated on

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.