NEW DELHI: Government on Tuesday extended the deadline to submit bid documents for Air India by two months to 30 June, given the ongoing nationwide lockdown.
Though both aviation and oil sectors have been badly hit by the covid-19 pandemic, the finance ministry is confident it will complete the privatization of Air India and Bharat Petroleum Corporation Limited (BPCL) as it has the full financial year ahead.
Last month, the Department of Investment and Public Asset Management (DIPAM) had extended till 13 June the last day of submitting expressions of interests (EoI) for selling the government’s 52.98% stake in BPCL. This is the second time the government extended the deadline to submit bids for Air India. It had earlier extended the deadline to 30 April from 17 March.
