Air India orders bidding employees to stay away from policy matters
The employees bidding for Air India have, however, been allowed to carry out routine day-to-day functions
The Air India management has directed its employees who are bidding to take ownership of the company to stay away from handling policy and other strategic matters. However, they have been allowed to carry out routine day-to-day activities.
An office order issued by the Air India General Manager (Personnel) on December 16 had directed the employees who are part of the consortium that had submitted an expression of interest (EoI) for the airline to file a formal intimation of participation by December 21, according to an ANI report.
"Such employees are directed that they should not handle matters related to policy and other strategic issues of the company which may have a bearing on the disinvestment of Air India or any information which may be used directly or indirectly in this regard," the office order said.
The employees have been asked to submit the formal intimation of participation through their respective departmental heads to the office of General Manager (Personnel), Headquarters, New Delhi.
The order warned that non-compliance by the employees would attract disciplinary action.
Plane Vanilla had reported that a group of over 200 Air India employees under the airline's commercial director Meenakshi Mallik, in partnership with a fund based in Seychelles, had submitted an EoI on December 14 for taking ownership of the national carrier.
After two failed attempts to sell its stake in the cash-strapped Air India, the government put the airline on the block again this year. This time around, the government is looking to offload 100% stake in Air India and its low-cost arm Air India Express, apart from 50% stake in the ground-handling unit AISATS. After repeated extensions of the EoI deadline and sweetening of the offer, Air India received what the government calls "multiple expressions of interest" on December 14.
Apart from the employee-management consortium, India's largest conglomerate Tata group, which had founded Air India before independence, budget carrier SpiceJet and US-based fund Interups Inc have been reported to be eyeing the national carrier.