Air India bids likely after mid-January

NEW DELHI : The disinvestment department is likely to issue the expression of interest ((EoI) for the debt-ridden Air India after the winter holiday season which will ensure greater participation by foreign buyers.

“Tentatively the EoI could be any time after January 10”, said a source.

While the government is keen to sell off the loss-making state-owned carrier Air India, attempts to showcase it as an attractive proposition to buyers have not been successful.

Air India has some unique strengths to offer to a potential acquirer which foreign airlines will prefer: its prized international slots and a strong presence in the Indian market. Roadshows were recently held in Singapore and London to gauge investor interest for the debt-laden national carrier.