After Indigo, now Jet Airways opts out of Air India disinvestment process
Less than a week after budget airline IndiGo rescinded its interest from participating in the disinvestment process of debt-laden Air India, Mumbai-based full-service carrier Jet Airways also said it will not take part in the strategic sale. Another low-cost airline SpiceJet had already pulled itself out of the race even before the preliminary information memorandum was issued and has maintained its stance even after the Centre formally invited expressions of interest. “We welcome the government’s move to privatise Air India. It is a bold step. However, considering the terms of…
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