New Delhi: As the government prepares to call for preliminary interest memorandum (PIM) along with expression of interest (EoI) from parties interested in gaining control of the national carrier, Air India, sources said that low-cost carrier IndiGo is likely to make a bid along with Qatar’s national carrier, Qatar Airways, in a consortium.
After the announcement that the government would be selling off Air India, the civil aviation ministry had said that IndiGo had expressed interest in buying the carrier. IndiGo also confirmed the same but said its first priority would be to buy the overseas flights of Air India if the government broke and sold the domestic and international flights as separate entities. However, government sources have said no such bifurcation would be made.
Sources also clarified that the net worth criteria that bidders must meet is likely to be fixed at Rs 1,000 crore, calculated on the basis of an existing formula under the Companies Act, before they are allowed to put in bids and access the bid data room for Air India.
After the announcement that the government would be selling off Air India, the civil aviation ministry had said that IndiGo had expressed interest in buying the carrier. IndiGo also confirmed the same but said its first priority would be to buy the overseas flights of Air India if the government broke and sold the domestic and international flights as separate entities. However, government sources have said no such bifurcation would be made.
Sources also clarified that the net worth criteria that bidders must meet is likely to be fixed at Rs 1,000 crore, calculated on the basis of an existing formula under the Companies Act, before they are allowed to put in bids and access the bid data room for Air India.







