Independent journal on economy and transport policy
19:38 GMT+2
Air France abandons India bid
(BBC News)
February 25, 2001
Air France has withdrawn its bid to take a 40% stake in Air India, the country's flagship carrier.
India's largest business conglomerate, the Tata group, lodged a joint bid with Singapore Airlines, while Air France teamed up with the second-biggest US carrier, Delta.
But the Air France and Delta team has now confirmed that it has abandoned its bid.
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