MIAMI – As per its sale of flag carrier Air India (AI), the government announced it would not extend the deadline for submitting interest in the purchase. Nonetheless, it has allowed interested parties to submit physical bids until December 14.
Although the announcement represents an obstacle for a future sale, the action does offer one week more for any interested bidders. The Department of Investment and Public Asset Management (DIPAM) stated that the qualified bidders for AI would probably receive the respective notifications by January 5, 2021.
The government made the sale deal adjustment given the uncertainty felt in the aviation environment. The Indian government has been trying to sell AI since 2018.
Air India divestment: Date for qualified bidders extended to January 5
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Air India divestment: Intimation date for qualified interested bidders extended to January 5
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