New Delhi: The disinvestment of Air India’s ground handling arm, Air India Air Transport Services Limited (AIATSL), has been delayed for the fifth time in five months. The government issued a fresh corrigendum on Thursday informing that the deadline for selecting qualified bidders had been postponed.
The government had floated a tender for AIATSL on February 12, inviting expressions of interest for a 98% stake in the Air India subsidiary.
As per this tender document, the deadline for shortlisting bidders was April 30. This has now been postponed to August 30, as per the latest communication.
The process has not progressed after the submission of queries by the interested entities on February 26.
A source closely involved with the privatisation process said that the “interested bidders had raised certain queries but the government is busy with the Budget announcement. The delays earlier were when the government was just entering into election mode, followed by another extension when the elections were over but the government formation was yet to happen.”
27/06/19 Jagriti Chandra/The Hindu
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The government had floated a tender for AIATSL on February 12, inviting expressions of interest for a 98% stake in the Air India subsidiary.
As per this tender document, the deadline for shortlisting bidders was April 30. This has now been postponed to August 30, as per the latest communication.
The process has not progressed after the submission of queries by the interested entities on February 26.
A source closely involved with the privatisation process said that the “interested bidders had raised certain queries but the government is busy with the Budget announcement. The delays earlier were when the government was just entering into election mode, followed by another extension when the elections were over but the government formation was yet to happen.”
27/06/19 Jagriti Chandra/The Hindu
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