Air India extends bid deadline to June 30
The government has extended the deadline to bid for Air India by two months till June 30 because of the coronavirus pandemic, which has disrupted global economic activity and the aviation sector in particular.
Issuing a corrigendum to the expression of interest for the sale of Air India, the department of investment and public asset management said the deadline has been extended in view of the “request received from the IBs (interested bidders) in view of the prevailing situation arising out of Covid-19”.
This is the second extension in the deadline to submit bids by investors for Air India since it initiated the process of stake sale on January 27.
