Centre set to invite financial bids for Air India
The Centre is set to invite financial bids for Air India as it looks to complete the sale of the troubled national carrier by September.
After its assessment of the preliminary bids, the government has placed all the financial and operational details of Air India (virtual data room) for due diligence before the bidders, which include the Tatas and a consortium led by SpiceJet. The expression of Pawan Ruia has apparently been tossed out along with the overtures by the employees union.
Civil aviation minister Hardeep Singh Gill has said the government will keep the carrier running till it gets divested and there is no choice but to either privatise or close down the airline.
