Swiss Aviation Consulting denies bid for Air India assets

Aviation advisory firm Swiss Aviation Consulting Monday denied it has expressed interest in buying the debt burdened state-run carrier Air India. SAC has never expressed interest in acquiring Air India or parts of it, or has acted as a front for some other stake holder, the company said. Earlier, the Economic Times newspaper quoted a senior aviation ministry official as saying that SAC has shown interest here in bidding for Air India, although the report added that the Swiss company may only be scouting for clients. The advisory firm said it has not been in contact with Indian government officials or Air India representatives regarding bidding for the carrier. SAC offers services including aircraft asset management, sales and consultancy services on acquisitions, according to its website.<br/>