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Jet Airways rules out Air India bid

Jet Airways rules out Air India bid

Tuesday, April 17, 2018, 6:05 PM

Jet Airways today said it would not be participating in the Air India disinvestment process, becoming the second-domestic airline after IndiGo to make such a decision in less than a week. The ambitious strategic-stake sale of loss-making AI as well as its two subsidiaries seems to be hitting air-pockets with the two potential bidders deciding to keep away citing the contours of the process.
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