The Narendra Modi government is expected to invite expressions of interest (EoI) for the debt-laden Air India later next week, sources privy to the developments told CNBC-TV18.
The bidders may get almost a month and a half to submit their preliminary bid, sources in the know told CNBC-TV18.
Earlier, a group of ministers (GoM), headed by union home minister Amit Shah, had on January 7 approved the EoI and the share purchase agreement (SPA) for the airline.
While Air India's net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore.
Dismissing rumours that the national carrier will shut down operations, Civil aviation minister Hardeep Singh Puri had said on December 31 that the national carrier, which is incurring a loss of Rs 20 crore to Rs 26 crore daily, will keep on operating till it is privatised.
Air India chief Ashwani Lohani on January 4 had said that "rumours" of the disinvestment-bound airline's shutdown are "all baseless", weeks after he told the civil aviation ministry that the carrier's financial situation was "grossly untenable" for sustaining operations.
17/01/20 Anu Sharma/CNBC TV18
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The bidders may get almost a month and a half to submit their preliminary bid, sources in the know told CNBC-TV18.
Earlier, a group of ministers (GoM), headed by union home minister Amit Shah, had on January 7 approved the EoI and the share purchase agreement (SPA) for the airline.
While Air India's net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore.
Dismissing rumours that the national carrier will shut down operations, Civil aviation minister Hardeep Singh Puri had said on December 31 that the national carrier, which is incurring a loss of Rs 20 crore to Rs 26 crore daily, will keep on operating till it is privatised.
Air India chief Ashwani Lohani on January 4 had said that "rumours" of the disinvestment-bound airline's shutdown are "all baseless", weeks after he told the civil aviation ministry that the carrier's financial situation was "grossly untenable" for sustaining operations.
17/01/20 Anu Sharma/CNBC TV18
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