Govt may extend Air India bid deadline to 14 Dec; investors to get flexibility
New Delhi: The government is likely to extend the deadline to bid for Air India till December 14 and also give flexibility to a potential investor to decide on the humongous debt with the national carrier, a source said.
The deadline to bid for buying out Air India ends on October 30.
The flexibility to potential investors on the quantum of the ₹60,074 crore debt that they want to absorb will replace the current condition of the buyer taking over more than a third of the debt and transferring the rest to a special purpose vehicle.
