Air India accumulated losses of about Rs 70,820 crore till March 31, 2020: Govt
Air India has been suffering heavy losses since its merger with Indian Airlines in 2007 and it has accumulated losses of about Rs 70,820 crore till March 31, 2020, Minister of State for Civil Aviation VK Singh said on Wednesday.
Financial bids for Air India are likely to be received from qualified interested bidders by September 15 this year.
The Centre had invited Expression of Interests (EoIs) for Air India on January 27, 2020. The last date of submission—after multiple extensions due to Covid-19 pandemic—of EoIs was December 14, 2020.
