AI sale: Scindia says deadline for financial bids will remain Sep 15
As the government moves ahead with Air India disinvestment, Civil Aviation Minister Jyotiraditya Scindia on Thursday said the deadline for submission of financial bids will be September 15, indicating that there will be no extension for submitting the bids.
In April, the government started the process for inviting financial bids for the debt-ridden airline and September 15 was set as the deadline.
Apart from offloading its entire stake in loss-making Air India, the government will be selling budget airline Air India Express and Air India’s 50 per cent stake in AISATS. The latter provides cargo and ground handling services.
