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Vistara considering a bid for Air India, says chairman Bhaskar Bhat

"Which company would not be interested in evaluating a sovereign airline of the country?" Bhat said

Reuters  |  New Delhi 

Air India
The government has set March 17 as the deadline for submission of initial expressions of interest | File Photo

Vistara, a joint venture between India's and Singapore Airlines, is considering a bid for the government's stake in state-run carrier Air India, Vistara's chairman said on Monday.

"Which company would not be interested in evaluating a sovereign airline of the country?" chairman Bhaskar Bhat said.

Bhat, however, said no final decision had been made on whether it would submit a bid.

Bhat was speaking at the unveiling of Vistara's first Boeing 787-9 Dreamliner plane at Delhi airport.

Prime Minister Narendra Modi's government in January said it planned to sell its entire interest in Air India, making a renewed push to sell the flag carrier after it drew no bids in an auction of a majority stake almost two years ago.

The government has set March 17 as the deadline for submission of initial expressions of interest, and said that any bidder must assume liabilities, including debt of 232.87 billion rupees ($3.20 billion).

First Published: Mon, March 02 2020. 18:51 IST
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