The million-dollar question: Is Air India saleable in its present avatar?

The ifs and buts around its sale are growing day by day

A few days before the submission of initial expressions of interest (EoIs) to buy national carrier Air India came in, many rumours floated in the media. Besides the Tatas and a bid by a set of employees, unconfirmed newspaper reports claimed that the carrier was being “eyed” by SpiceJet promoter Ajay Singh.

Then on December 20, bids were submitted. Nobody barring a handful of people could have told you who actually submitted EoIs but more rumours floated. A “surprise” bid had been put in by Pawan Ruia, ac­c­ording to some reports. Sin­ce Singh was mum and nobody in SpiceJet had