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The government Monday said all UK-India flights will be suspended from 23-31 December in view of the emergence of new strain of coronavirus in that country.
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Each employee will have to contribute at least Rs 100,000 to the bid. Air India has been on sale since 2017 when PM Modi’s cabinet allowed to sell all or part of the airline.
Vistara and AirAsia India were struggling before the pandemic. Covid has put Tata Group at a crossroads - go big and buy Air India or bow out.
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Under phase seven of the mission, operational since 1 October, as many as 1,057 international flights from 24 nations have repatriated close to 1,95,000 people, the MEA said.
Aviation Minister Puri and Secretary Kharola said that 15% of Air India's value has to be paid in cash, while the remaining 85% will be taken as debt by the bidder
According to Hong Kong govt rules issued in July, passengers from India can arrive only if they have a Covid-19 negative certificate from 72 hours prior to the journey.
At a press conference, Civil Aviation Minister Hardeep Puri said while he was all for foreign carriers there should be some parity under the regulated air bubble arrangements.