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Air India privatisation: Centre to invite financial bids by March-end

Air India privatisation: Centre to invite financial bids by March-end
The shortlisted entities might be given time till June or early July to furnish their financial bids. After the bids are locked, the stake sale will take another 3-4 months to finalise after evaluation of the bids
BusinessToday.In | March 11, 2021 | Updated 22:27 IST
Central government is reportedly planning to invite financial bids for privatisation of national carrier Air India by the end of this month. The plan is to wrap up the disinvestment process in the second half of the current calendar year.
The shortlisted entities might be given time till June or early July this year to furnish their financial bids, reported CNBC-TV18. After the bids are locked, the sale of Air India will take another 3-4 months to finalise after evaluation of the financial bids. ....

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Air India employee consortium out of privatisation race

Air India employee consortium out of privatisation race
The bid for Air India stake sale from employee consortium was turned down due to three reasons, stated Meenakshi Malik, Commerical Director of the airline and leader of the group
BusinessToday.In | March 8, 2021 | Updated 23:01 IST
Air India employee consortium, which had bid for taking over the national carrier, could not advance to the next round of the disinvestment process.
Meenakshi Malik, Commercial Director of the airline, reportedly informed the consortium in a three-page letter that it did not make the cut to advance to the next stage of the stake sale, reported the Mint. Malik has been leading the employee consortium. ....

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