News > Air India sale: Employees' syndicate disqualified from bid; Tata, SpiceJet remain in race

Air India sale: Employees' syndicate disqualified from bid; Tata, SpiceJet remain in race

The bid to take over Air India by a consortium of employees, led by the airline’s Director (Commercial) Meenakshi Mallik, came to a nought after they failed to make it to the next round of divestment process.

Tata Group and SpiceJet promoter Ajay Singh are among those left in the bid to take over the national carrier. Tata seems to lead the race at the moment, according to reports.