 "Air India, aircraft, flights")
The government is expecting to fetch around Rs 15,000 crore from the sale of Air India, its subsidiary Air India Express and AISATS, according to officials and bankers involved in the divestment process.
Prospective bidders are perhaps ascribing zero value to the equity of the financially-stressed company, a source said. The Tata group is being considered a frontrunner for acquiring Air India.
While the government has appointed RBSA Advisors for valuation of Air India, reserve price — a formal indicative price for the company — will be finalised by a group of ministers after the financial bids are received.
Bidders are reluctant to
