The government may ease some of the conditions for potential bidders of Air India in a renewed effort to privatize the loss-making national carrier, which is crucial to achieving its ambitious divestment goal for this fiscal.<\/p>\n
The revised bidding document for the airline, which is expected by this month-end, could either allow potential bidders to value Air India purely on its assets or substantially reduce the \u20b923,286 crore debt currently required to be absorbed by a successful bidder.<\/p>\n
\u201cAt present, the debt offered is nearly equal to the value of Air India\u2019s assets. So the bidding is supposed to take place over and above \u20b923,286 crore. But now the transaction adviser EY India has said that because of covid-19, the assets, especially the aircraft which are sitting idle, have lost their value and have become a burden on the company. So, EY India has asked not to assign any value to the assets, allowing the bidding process to discover its true value,” a government official said on condition of anonymity.<\/p>\n","protected":false},"excerpt":{"rendered":"
The government may ease some of the conditions for potential bidders of Air India in a renewed effort to privatize the loss-making national carrier, which is crucial to achieving its ambitious divestment goal for this fiscal. The revised bidding document for the airline, which is expected by this month-end, could either allow potential bidders to value Air India purely on its assets or substantially reduce the \u20b923,286 crore debt currently required to be absorbed by a successful bidder. \u201cAt present, the debt offered is nearly equal to the value of Air India\u2019s assets. So the bidding is supposed to take […]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[188,139,130],"tags":[],"class_list":["post-377341","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/377341","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=377341"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/377341\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=377341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=377341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=377341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}