Industry

Air India disinvestment may be delayed

Photo for representational purpose.

Photo for representational purpose.   | Photo Credit: AP

The government on Friday indicated that the disinvestment process of Air India may see a delay.

“We will provide people with a little extra time. Let me say on record that the process is going extremely well. There are a lot of Expressions of Interest for the sale,” Hardeep Puri, Minister of State for Civil Aviation, said on Friday at a press event. The Minister though did not provide a new timeline by when the government expects to conclude the sale.

Read: What is the divestment of Air India all about?

Speaking to journalists on the last date for submission of written queries on bidding, Pradeep Singh Kharola, Secretary of Ministry of Civil Aviation, said there was a status quo on that.

There has been a delay of 14 days after the government extended the deadline for submission of queries to March 6 from February 22.

As per the tender floated by the government in January, the last date for submitting interest in Air India is March 17. The outcome of this round is expected to be known by March 31, following which qualified bidders will be given two months to submit financial bids. 

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Printable version | Jun 3, 2020 2:53:46 AM | https://www.thehindu.com/business/Industry/air-india-disinvestment-process-going-on-extremely-well-puri/article30999445.ece

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