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Air India | Govt poised to invite financial bids for Air India, wants to seal deal by September


Updated Apr 14, 2021 | 14:31 IST
Worth mentioning here is that the Air India privatisation process got delayed due to the disruptions caused by the Covid-19 crisis.
Govt poised to invite financial bids for Air India, wants seal deal by September.  |  Photo Credit: BCCL
New Delhi: The government is reportedly poised to invite financial bids for Air India as it wants to conclude the sale of the ailing national carrier by September. After analysing the preliminary bids, the Centre has placed all the financial and operational details of Air India (virtual data room) for due diligence before the bidders.
Tata Sons the holding company of the $113 billion coffee-to-cars conglomerate Tata group and SpiceJet have been shortlisted for the bid to buy out cash-strapped Air India. ....

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