Tuesday, December 22, 2020

A number of credible bidders available for Air India, says Hardeep Singh Puri

There are a number of credible bidders for Air India, and the sale of the national carrier may be completed by March 2021, Civil Aviation Minister Hardeep Singh Puri said on December 22.

In an interview with CNBC-TV18, the minister said the government may shortlist bidders for the airline by January 5.

The shortlisted bidders will get access to the books of Air India, Puri said, adding that he hopes the carrier will find a new home around March.

On December 14, the secretary of Department of Investment and Public Asset Management said the government has got multiple interests for the divestment of its stake in Air India.

"Multiple expressions of interest have been received for strategic disinvestment of Air India. The transaction will now move to the second stage," the secretary said in a statement on Twitter.

Moneycontrol had confirmation that Tata Sons and a consortium comprising Air India employees and a US-based fund have submitted bids. 

22/12/20 Moneycontrol

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