Air India disinvestment: Tatas likely frontrunners to win bid as govt sets minimum price for airline

Salt-to-software conglomerate Tata Group is likely to emerge as the frontrunner to acquire Air India as it is believed to have submitted a higher bid for the national carrier.

The government has set the minimum reserve price for national carrier Air India’s disinvestment after final bids were submitted by Tata Sons and SpiceJet promoter Ajay Singh earlier this month.

Multiple reports indicated that the government has finalised the minimum reserve price for the national carrier, based on future cash flow projection, brand value and slots in foreign airports.