New Delhi: India's booming aviation sector is generating heat among investors.
US-based Blackstone and Singapore-based Temasek are among the six investors interested in bidding for Sahara Airlines' Rs 10 crores equity offer.
Kingfisher Airlines and Jet Airways are the only two airlines vying for a stake in Sahara Airlines. The rest are institutional investors, with little direct interest in operations.
Jet and Kingfisher have not put in a formal bid, though sources say, they have conveyed their interest.
Jet denies it is bidding while Kingfisher's Vijay Mallya has declared his interest to cut short a five-year waiting period to fly international.
The bidding will happen over three weeks in two phases. Three will be shortlisted, after which, one will be selected.
Sahara is primarily looking at selling 10 to 17 per cent of equity. But it could allow itself to be acquired as well.
Everbody has their own reason for eyeing a stake in Sahara airlines. For Jet Airways it means taking over a rival while for Kingfisher, Sahara is the key to get a permission to Fly abroad. And for foreign funds a stake in Sahara means a toehold in the booming aviation market in the country.
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