Air India deal to be sweetened further with 100% stake offer

New Delhi: Moving at jet speed, the two-stage bid process for selling of entire 100% equity stake in national carrier Air India could kickstart as early as 7 July.

The government has decided to come out with the preliminary information memorandum (PIM) inviting expression of interest (EoI) by the first week of July.

“Besides offering 100% stake to private investors, more loans of the airline would be transferred to the special purpose vehicle (SPV) in order to further sweeten the deal,” said a senior official.

The government had decided to transfer debt amounting ₹29,464 crore along with other non-core assets to the newly-created SPV to attract bidder interest for the carrier.