The invitation for expression of interest (EoI) for strategic sale of debt-ridden Air India (AI) has elicited over 550 queries, largely pertaining to foreign direct investment norm, bilateral rights and shape of consortium for bidding.
A preliminary information memorandum (PIM) for inviting EoI has already been issued on January 27. The government has invited EoI for AI by way of the transfer of management control and sale of 100% equity share held by the Centre. The strategic sale would also include AI’s shareholding interest of 100% in Air India Express (AIXL) and 50% in Air India SATS.
