Air India sale: Suitors asked to place financial bids

The government has started the process of inviting financial bids for state-run Air India (AI), moving a step closer to the national carrier’s privatisation, which is expected to be completed by September.

Tata Group was reportedly among the “multiple” suitors that had put in preliminary bids for the loss-making airline in December 2020. The government is selling its entire 100% stake in AI that has been bleeding ever since its amalgamation with Indian Airlines in 2007.