Days later, Naresh Goyal-owned Jet Airways also said it had decided not to participate in the Air India sale process considering the terms of offer in the information memorandum and based on its review.The proposed transaction would involve Air India, its low-cost arm Air India Express and Air India SATS Airport Services, which is an equal joint venture between the national airline and Singapore-based SATS.”This statement is issued by the joint forum to safeguard the national interest. A detailed letter in this regard will be sent to the prime minister office, ministry of civil aviation and Air India management,” it added.Budget carrier IndiGo, which is struggling with Pratt & Whitney engine issues in its A320 Neo planes, had initially evinced interest in acquiring Air Indias international operations, but later backed out, saying such an option was not available under China air compressor pumps Factory the disinvestment plan.On March 28, the civil aviation ministry came out with the preliminary information memorandum on Air Indias strategic disinvestment, as per which, the government plans to offload 76 per cent equity share capital of the national carrier as well as transfer the management control.
The forum comprises Air Corporations Employees Union, All India Service Engineers’ Associations, Air India Employees Union, Aviation Industry Employee Guild, Air India Aircraft Engineers’ Association, All India Aircraft Engineers’ Association, Air India Engineers Association, United Air India Officers Association, All India Cabin Crew Association and All India Airline Retired Personnel Association.”The statement comes following one after another potential bidder opting out of the Air India sale process after the government coming out with the terms of offer in the information memorandum.”The joint forum as stated many times has strongly opposed the privatisation of Air India and its subsidiaries as the Air India is our national pride and served the nation many a times at needs,” the forum said.The government is giving the Air India to private players at a time when the carrier is improving its operational and financial performance, the forum had alleged, stating that the move amounts to “socialising losses and privatising profits.In a statement issued on Wednesday, the forum also reiterated its opposition to the privatisation of the loss-making airline, saying that “it (Air India) is our national pride and it served the nation many a times in need
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