For the bidders, the difficult part lies in running Air India

After several failed attempts to sell Air India, the central government has finally managed to shortlist two bidders who will now have access to key details about the airline for due diligence before placing their final bids. According to the Union minister of State for Civil Aviation, Hardeep Singh Puri, the entire process will be closed within the next two months and then the winner will be announced. He also added that either the airline will be privatised or shut down. It is something that the minister has reiterated several times but nevertheless, his declaration assumes some significance now as it clearly shows that there is a possibility of selling the airline even if the highest bid falls short of the government’s expectations.

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Categories: Air India Mar 2021, Spicejet Mar 2021