Air India divestment: Government may inform qualified bidders by January 30
IANSJan 16, 2021, 10:22 IST
BCCL
New Delhi, The Centre is likely to intimate the qualified bidders for
national carrier Air India by the end of the month, as the evaluation of the expressions of interest (EoI) is still underway, official sources said.
The government was to intimate the bidders by January 5. People in the know of the developments said that the transaction advisors are in touch with the interested bidders regarding several queries and the qualified bidders will be intimated only after the government is satisfied with the responses from the bidders.
The Centre is likely to intimate the qualified bidders for national carrier Air India by the end of the month, as the evaluation of the expressions of interest (EoI) is still underway, official sources said.
The Centre is likely to intimate the qualified bidders for national carrier Air India by the end of the month, as the evaluation of the expressions of interest (EoI) is still underway, official sources said.The government was to intimate the .
Air India disinvestment: Qualified bidders to be announced on Jan 5
In stage II, shortlisted bidders will be given a request for proposal (RFP), post which a transparent bidding process will take place
BusinessToday.In | December 29, 2020 | Updated 19:48 IST
Photo Credit: Getty Images
The disinvestment of Air India is to enter its second stage on January 5 next year, when the names of the qualified bidders will be announced.
The process has been divided into two stages, as explained by Civil Aviation Secretary Pradeep Singh Kharola at a press conference. In the first stage, expressions of interest (EoI) were received from interested bidders who will now be shortlisted contingent on their eligibility as defined by the terms in the Preliminary Information Memorandum (PIM), reported ANI.
Air India made cash loss of Rs 3,600 crore in FY 2019-20: Rajiv Bansal
The Union Civil Aviation Ministry confirmed Air India s second phase of the strategic disinvestment from January 5, 2021. The process will begin with the announcement of the names of the qualified bidders.
Air India flight carrying Indians from Diamond Princess (Image - Twitter/@MEAIndia)
Air India s chairman Rajiv Bansal on December 29 said that the disinvestment-bound national airliner made a cash loss of Rs 3,600 crore in FY 2019-20.
Maintaining that the loss was much less than FY 2018-19, Bansal stated transporting stranded Indians from overseas since the start of the COVID-19 pandemic has resulted in sequential improvement in its income this financial year.