Tatas, US-based fund Interups among bidders for debt-laden Air India

The latter's bid is made in partnership with a group of airline employees

Tata Sons has emerged as a front runner to take over 100 per cent stake in the stressed national carrier Air India, sources involved in the sale process said on Monday after the  expression of interest (EoI) deadline ended. There were other suitors as well including a consortium of Air India employees and US-based fund Interups.

Along with 100 per cent stake in the airline, the government is also selling its low-cost subsidiary Air Indian Express.

“Multiple expressions of interest have been received for strategic disinvestment of Air India. The Transaction will now move to the second stage,” Department of