The process of Air India’s sale got off to a start on Tuesday, with the government approving a draft document inviting expressions of interest to be issued before the month-end, a senior official said on condition of anonymity.
In addition, the government could soon approve a further transfer of Air India’s debt—currently more than Rs 60,000 crore—to a special purpose vehicle (SPV), the official said. About half the debt has already been transferred to the SPV.
Tuesday’s meeting of a group of ministers was attended by home minister Amit Shah, finance minister Nirmala Sitharaman, commerce minister Piyush Goyal, aviation minister Hardeep Singh Puri and aviation secretary Pradeep Singh Kharola.
