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Found 2 results

  1. India to transfer less debt from flag carrier in new divestment try MOYURU BABA, Nikkei staff writer JANUARY 28, 2020 01:21 JST NEW DELHI -- India's government put the entire stake in Air India on the market Monday, as New Delhi makes another attempt to privatize the money-losing flag carrier. Bids for Air India, wholly owned by the state, will be accepted through March 17. Prime Minister Narendra Modi's government placed 76% of the airline up for auction in 2018, but no company expressed interest. Air India operates 56 domestic routes and 42 international flights, holdin
  2. Published on November 19, 2019 Synergy Group, the sole potential bidder for Jet Airways, will get an extension only till December 16 to submit a final bid and a resolution plan. The South American company had asked to extend the deadline to February 2020. The Resolution Professional will have to seek an extension from the NCLT for another 90 days as the 180-day deadline ends on December 16. Sources in the know told BusinessLine that during the Committee of Creditors (CoC) meeting, the lenders had verbally agreed to extend the deadline to December 16 as opposed to Synergy’s reque
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