Thursday, May 10, 2018

Lot of interest for Air India stake sale: Civil aviation secy

Mumbai: There is a great deal of interest for the Air India disinvestment initiative, Civil Aviation secretary

R N Choubey said today, amid the deadline for submission of preliminary bids ending this month.

The last date for submission of Expression of Interest (EoI) for the proposed 76 per cent stake sale in the debt-laden airline ends on May 31.

Earlier this month, the government had come out with clarifications related to the disinvestment move.

"There is a great deal of interest for Air India," Choubey said at the US-India Aviation Summit which commenced here today.

He said no American carrier had expressed a formal interest for Air India.

The divestment includes the profit-making Air India Express and AISATS, an equal joint venture between the national carrier and the Singapore-based SATS Ltd.

The last date for submission of EoIs for Air India disinvestment had been extended to May 31 from the earlier deadline of May 14.
10/05/18 Outlook

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