Maintenance Repair & Overhaul Space Air Cargo

Home- Stories

Adani Group may Join Race to Buy Air India

: Feb 25, 2020 - : 7:46 am

The Adani group will join the race to acquire Air India and plans to submit an expression of interest (EoI) by next month, said a source close to the development.

According to news reports, the final decision of Adani will, however, depend on the outcome of the due diligence after submission of the EoI. After the EoI process, prospective bidders will get access to data of the airline.

If the deal fructifies, it will mark the Adani group’s big-bang entry into the domestic airline market.

Apart from the Adani group, the Tata group, the Hinduja group, Indigo and a New York-based fund, Interups, are expected to submit EoIs.

“The Adani group has engaged advisors and is evaluating submission of an expression of interest (EoI) at this stage. Their interest is preliminary and clarifications need to be sought from the government on the bidding process,” Moneycontrol quoted a source.

The Adani group has ambitions to become India’s largest private airport operator with three airports already in its kitty – Lucknow, Ahmedabad and Mangalore. It has also won the race for three more airports – Thiruvananthapuram, Ahmedabad and Guwahati – but is awaiting government clearance.

In response to a query from Moneycontrol, an Adani Group spokesperson said, “As part of company policy, we do not comment on market speculation.”


Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.

Popular Posts

Copyright 2024. GBP. All Rights Reserved.

Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us