Air India disinvestment: Govt starts evaluation of Tata, SpiceJet founder’s bids

Air India could come back under the Tata Group after 67 years.

New Delhi: The government has begun evaluation of financial bids received from Tata Group and SpiceJet founder for the acquisition of Air India, sources said. With this, the privatisation process of the national flag carrier has moved to the next phase as the government looks to expeditiously conclude the deal.

The financial bids are being evaluated against an undisclosed reserve price and the bid offering the highest price above that benchmark would be accepted.

If successful, this will mark the return of Air India to Tata fold after 67 years.