New Delhi: The government on Tuesday came out with a set of clarifications on the proposed strategic disinvestment in Air India and said individuals other than the airline's employees would not be allowed to bid.
News agency Reuters further added that the government has extended the deadline to receive initial bids for its stake in state-run carrier to May 31 from May 14 earlier. The names of qualified bidders will be announced on June 15, a statement by Civil Aviation ministry said.
It had issued preliminary information memorandum on March 28 for the proposed sale of up to 76 per cent stake in Air India along with management control to private entities.
The disinvestment would include profit-making Air India Express and joint venture AISATS, an equal joint venture between the national carrier and Singapore-based SATS Ltd.
The government has put out clarifications for 160 questions from interested bidders on the disinvestment of Air India and its two subsidiaries -- Air India Express and AISATS.
According to the 19-page document released today, the government has clarified that "individuals (other than employees) are not allowed to bid".
Clarifications have been provided on various other aspects, including those related to slots, bilateral rights and employee rights.
"Details of existing slots and code share agreements will be provided at RFP (Request for Proposal) stage. It is expected that there will not be any impact of disinvestment on existing slots and bilateral rights.
"Bidders are advised to undertake their own assessment for the impact of disinvestment process on the existing code share agreement," the government said.
This was in response to queries on whether privatisation would impact renewal of existing slots and bilateral flying rights.
For more than 50 queries, the government has said details would be provided at the time of RFP stage.
To a query related to staff, the government said, "employee concerns are being suitably addressed".
01/05/18 Times of India
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News agency Reuters further added that the government has extended the deadline to receive initial bids for its stake in state-run carrier to May 31 from May 14 earlier. The names of qualified bidders will be announced on June 15, a statement by Civil Aviation ministry said.
It had issued preliminary information memorandum on March 28 for the proposed sale of up to 76 per cent stake in Air India along with management control to private entities.
The disinvestment would include profit-making Air India Express and joint venture AISATS, an equal joint venture between the national carrier and Singapore-based SATS Ltd.
The government has put out clarifications for 160 questions from interested bidders on the disinvestment of Air India and its two subsidiaries -- Air India Express and AISATS.
According to the 19-page document released today, the government has clarified that "individuals (other than employees) are not allowed to bid".
Clarifications have been provided on various other aspects, including those related to slots, bilateral rights and employee rights.
"Details of existing slots and code share agreements will be provided at RFP (Request for Proposal) stage. It is expected that there will not be any impact of disinvestment on existing slots and bilateral rights.
"Bidders are advised to undertake their own assessment for the impact of disinvestment process on the existing code share agreement," the government said.
This was in response to queries on whether privatisation would impact renewal of existing slots and bilateral flying rights.
For more than 50 queries, the government has said details would be provided at the time of RFP stage.
To a query related to staff, the government said, "employee concerns are being suitably addressed".
01/05/18 Times of India
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