The government successfully managed to receive financial bid for the national carrier Air India, making the possibility of the airline getting privatised stronger. Tata Sons was among the bidders. While a section of the airline’s employees is eagerly awaiting its revival by the new owner, some others want their dues and arrears to be successfully cleared before the government concludes this process.
The government is seeking to sell 100% of its stake in the state-owned national airline, including Air India’s 100% shareholding in AI Express Ltd and 50% in Air India SATS Airport Services Private Ltd. As per the Air India expression of interest floated by department of investment and public asset management (Dipam) in January 2020, the airline has a total debt of ₹60,074 crore as of March 31.
