4/9/2018 1:20:04 PM
|written By : Team India Se|
Switzerland-based Swiss Aviation Consulting (SAC) has shown interest in bidding for Air India, India’s money-losing state-run airline, reports the Economic Times.
But industry experts said the move does not look “serious” and the Swiss company may only be scouting for its clients, it added.
Other foreign companies that could bid for the national carrier are Singapore Airlines with the Tata group and Air France KLM with Jet Airways, the report said. Among the Indian airlines, IndiGo had earlier expressed interest in acquiring Air India but opted out recently, saying it is interested only in the international operations of the airline.
The Indian government put the company on the block late last month, seeking to sell a 76 per cent stake. But the airline’s debt load of about $8 billion and a bloated cost structure have made a sale difficult, said Reuters.