Union Civil Aviation Minister Hardeep Singh Puri on Saturday stated that the privatisation of Air India is likely to be completed by the end of May.
“At a meeting on Monday, it was decided that the government will close the financial bids within 64 days,” Puri told ANI, adding that there were multiple bidders and some have been shortlisted.
Other Public sector undertakings (PSUs) like Pawan Hans disinvestment is also under process, the minister added.
“The airline still is in debt of Rs 60,000 crore and it is liable to be sold,” Puri further said.
The minister also said that the second wave of COVID-19 has delayed airlines being allowed to operate 100 per cent that was planned to happen from the start of the summer schedule this month-end.
