{"id":147758,"date":"2018-02-02T11:48:21","date_gmt":"2018-02-02T11:48:21","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=147758"},"modified":"2018-02-02T11:48:21","modified_gmt":"2018-02-02T11:48:21","slug":"govt-expects-winning-bidder-for-air-india-by-june-jayant-sinha","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/govt-expects-winning-bidder-for-air-india-by-june-jayant-sinha\/","title":{"rendered":"Govt expects winning bidder for Air India by June: Jayant Sinha"},"content":{"rendered":"<p>The government is expecting to have the winning bidder for national carrier Air India by the end of June and the &#8220;legal closing&#8221; of the transaction by year-end, Union Minister Jayant Sinha said today. <\/p>\n<p>To revive the fortune of the debt-laden carrier, the government has decided on a strategic disinvestment and a group of ministers is working on the modalities. <\/p>\n<p>&#8220;We expect to have the winning bidder by the end of June,&#8221; the Minister of State for Civil Aviation said, adding that legal closing of the transaction is expected by the end of this year. <\/p>\n<p>The information memorandum for the proposed disinvestment of the airline would be issued shortly, Sinha told reporters here. <\/p>\n<p>The debt-laden airline is staying afloat on taxpayers&#8217; money under a turnaround plan approved by the previous UPA regime in 2012. <\/p>\n<p>As part of a turnaround plan, the national carrier is to receive up to Rs 30,231 crore from the government subject to meeting certain performance thresholds over a ten-year period, starting from 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The government is expecting to have the winning bidder for national carrier Air India by the end of June and the &#8220;legal closing&#8221; of the transaction by year-end, Union Minister Jayant Sinha said today. To revive the fortune of the debt-laden carrier, the government has decided on a strategic disinvestment and a group of ministers is working on the modalities. &#8220;We expect to have the winning bidder by the end of June,&#8221; the Minister of State for Civil Aviation said, adding that legal closing of the transaction is expected by the end of this year. The information memorandum for the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[229],"tags":[],"class_list":["post-147758","post","type-post","status-publish","format-standard","hentry","category-civil-aviation"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/147758","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=147758"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/147758\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=147758"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=147758"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=147758"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}