The government is likely to extend the deadline for submission of bids for privatisation of Air India yet another time till December 15.
The last date for submission of bids is October 30.
Earlier, while issuing a corrigendum to the bid documents, the Department of Disinvestment (DIPAM) in the Finance Ministry said that in view of the requests received from the interested bidders and the prevailing situation due to Covid-19, the date has been extended to October 30 from August 31.
The government is also trying to sweeten the deal by allowing flexibility on the debt component of Air India. There is talk on giving investors the flexibility to decide on the high debt of the airline. The flexibility if it comes will replace the current condition of the buyer taking over more than a third of the debt and transferring the rest to a special purpose vehicle.
