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		</div><p>India’s government has received “multiple expressions of interest” in buying its 100% stake in debt-laden national carrier Air India.</p>
<p>A sale would shore up falling government revenues after an initial attempt in 2018 failed to attract any bidders.</p>
<p>The deadline for submission of formal bids was Monday and the government is expected to announce qualified bidders on January 5.</p>
<p>It did not reveal the identity of the bidders or the number of bids received.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">Multiple expressions of interest have been received for strategic disinvestment of Air India. The Transaction will now move to the second stage. <a href="https://t.co/YJ0fQLK5Hl">pic.twitter.com/YJ0fQLK5Hl</a></p>
<p>&mdash; Secretary, DIPAM (@SecyDIPAM) <a href="https://twitter.com/SecyDIPAM/status/1338451142443864064?ref_src=twsrc%5Etfw">December 14, 2020</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>“Multiple expressions of interest have been received for strategic disinvestment of Air India, Department of Investment and Public Asset Management Secretary Tuhin Kanta Pandey tweeted.</p>
<p>“The transaction will now move to the second stage,” .</p>
<p>Indian media reports said Indian conglomerate Tata Group and a group of 219 Air India employees along with Interups Inc, a US-based fund, filed expressions of interest.</p>
<p>In January, the government invited initial expressions of interest in the airline, which operates both domestic and international routes and has accumulated huge losses in the past decade.</p>
<p>It said the bidders would have to absorb 232 billion rupees (£2.4 billion) of the airline’s 580 billion rupees (£5.9 billion) debt burden.</p>
<p>Air India carried 18.36 million domestic passengers in 2019.</p>
<p>It started as a mail carrier in 1932 before gaining commercial popularity and has been incurring losses since its 2007 merger with a state-owned domestic carrier, Indian Airlines.</p>
<p>The new owner will be taking on a fleet of 121 Air India aircraft and 25 planes from its subsidiary Air India Express, which operates low-cost flights to more than 30 destinations in India, the Middle East and south-east Asia.</p>
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