The Year 2019 Was A Huge Bummer For Indian Aviation With The Downfall Jet Airways & A Failed Privatisation Attempt Of Air India. But, A New Year Has Shed Some Light To The Industry. According To A Statement Given By A Government Official To The Economic Times, India's Biggest Airline Indigo & Gulf Based Carrier Etihad Have Shown Interest In Taking Stakes Of The Dooming Air India.
The Last Privatisation Was A Great Failure For The Government But It Has Come Up With New Terms Hoping The 2nd Bidding To Be More Successful. Earlier The Officials Proposed The Plan For Selling 76% Stake But Ths Year Proposal Puts 100% Stake. Initially Indigo & Etihad Have Shown Interest But If Etihad Buys Air India It Would Only Get 49% Due To The Foreign Direct Investment (FDI) Rule While Indigo Can Bid For 100% Of Air India. If The Plan Is Succesful Our Maharaja Would Finally Get Its Long-Awaited Bride.
The Good News Has Not Only Came For Air India But Jet Airways May Also Get Its Potential Bidder After Awaiting Months & Months. Hinduja Group Is Preparing A Bid To Submit An Expression Of Interest By The 15th Of January But It Is Still Looking For A Partner To Bid For Jet Airways.
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