SAC denies bid for Air India

Avionics consultancy firm Swiss Aviation Consulting (SAC) on Monday denied it has communicated enthusiasm for purchasing the obligation loaded state-run bearer Air India.

SAC has never communicated enthusiasm for procuring Air India or parts of it or has gone about as a front for some other partner, the organization told Reuters in an email.

Prior, the Economic Times daily paper cited a senior flight service official as saying that SAC has indicated enthusiasm for offering for Air India, despite the fact that the report included that the Swiss organization may just scout for customers.

The warning firm said it has not been in contact with Indian government authorities or Air India delegates in regards to offering for the transporter.

SAC offers administrations including flying machine resource administration, deals and consultancy benefits on acquisitions, as indicated by its site.

A week ago, top Indian bearer Interglobe Aviation Ltd, proprietor of the IndiGo NSE brand, said was quitting purchasing Air India in light of the fact that the terms set by the legislature were ominous. Goodbye Group and Turkey’s Celebi Aviation Holdings, have communicated enthusiasm for getting some of Air India’s activities.

The Indian government, which completely possesses cash losing banner bearer Air India, put the organization on the piece before the end of last month, trying to offer a 76 percent stake.

Prime Minister Narendra Modi’s bureau gave the thumbs up a year ago to offer Air India after progressive governments burned through billions of dollars to keep it dissolvable, yet its obligation heap of about $8 billion and an enlarged cost structure have made a deal troublesome.

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