Air India Acquisition

A former finance head of the airline said some of the lease rentals may not have been paid lately due to the severe cash crunch

Air India's prospects of finding a good match look bleak

The government is looking at turning around the company to ensure that it makes profits on an overall basis

Till the last day, transaction advisor EY sounded confident there would be bids

The government of India's plan to privatise Air India could not attract any bidders. The government has owned and managed Air India for 50 years and was looking to divest of itself from it.

As the national carrier gets zero bids, industry says the govt's decision to hold 24% in the airline was a spoilsport

Air India's new owner has to take over Rs 333.92 billion of the airline's debt

Tough legal and financial conditions in the EoI may see many suitors back off

Centre may include a one-year clause to protect employees' interests

The delivery of the three B777-300 ER planes is scheduled to be completed next month - two in January and one in February