ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter

Tata seeks to buy cash-strapped Air India, as do airline workers

Government says 'multiple' expressions of interest received by deadline

An Air India Airbus A320-200 takes off: Sources say Tata Group, which founded the carrier in 1932, seeks to regain the airline.   © Reuters

NEW DELHI -- Indian conglomerate Tata Group and a consortium including Air India employees expressed interest in buying the beleaguered state-run airline by Monday's deadline for entries, sources familiar with the development say.

The government, making a second attempt to sell Air India after a failure last year, extended the deadline for expressions of interest several times this year amid the coronavirus pandemic, and is now expected to announce a short list of bidders by Jan. 5.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more