India invites bids for its entire stake in Air India in renewed push to offload air carrier

INDIA – India has announced plans to sell its entire interest in Air India Ltd, in a renewed push to sell the flag carrier. A document released from the government slated March 17 as the deadline for submission of initial expressions of interest. The document also noted that any bidder must assume liabilities, including debt of 232.87 billion rupees ($3.28 billion). An Indian entity assuming substantial ownership and effective control of the airline was another pre-condition that bidders were required to meet for their bids to be considered. The potential…

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Air India relaunches Nairobi – Mumbai route after 10 years

KENYA – India’s national airline, Air India has relaunched commercial operations with a flight to the Kenyan capital, Nairobi. Air lndia’s flight from Mumbai to Nairobi landed on Wednesday with 100 passengers on board marking the return of the airline to Kenya after 10 years. The return of the airline presents a big opportunity for the two countries which have shared trade and economic ties for many years. The airline will offer four direct flights a week; Tuesday, Wednesday, Friday and Sunday with plans to offer additional flights in the…

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