All eyes on Air India EoI Monday, likely suitors are Tatas, Hindujas

As the govt is set to invite preliminary bids from potential investors for selling 100% stake in Air India Monday, all eyes are on the portion of airline debt to be taken off its books and qualification for suitors. Prospective buyers would have to respond to the EoI by March 17, 2020. Industry sources said that some of the potential bidders could be Tata Group, Hindujas, IndiGo, SpiceJet and a few private equity firms. Some of the foreign airlines could tie-up with local players to place their joint bids. While overall economic environment remains subdued, industry analysts said that there would be significant investor interest for Air India given its wide domestic and international network, traffic rights, slots at key foreign airports such as London and Dubai, technical manpower and large fleet. <br/>