The two-stage bid process for selling of entire 100 per cent equity stake in Air India could kickstart as early as July 2019. 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 per cent 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.
Air India has constituted a nodal cell at its headquarters in New Delhi to facilitate interaction between various advisors, which have been appointed to assist the airline in its disinvestment process. The government has put top consultancy firm EY to work for divesting its stake in flag carrier Air India and quickly issue EoI.
