Global aviation consultancy firm CAPA has termed the government’s decision to sell 100 per cent stake in Air India a “bold reform” and said it expects “significant” response from the prospective bidders. “The Centre for Asia Pacific Aviation (CAPA) expects significant response (to Air India’s stake sale) as the offer structured by the government is attractive,” CAPA India chief Kapil Kaul told PTI on Monday.
He said the time given for due diligence and submitting bids is also reasonable. The government on Monday announced sale of 100 per cent stake in debt-laden Air India as it issued the preliminary bid document for the strategic disinvestment and has set March 17, as the deadline for submitting expression of interest.
