100% Disinvestment Of Air India: Bids Invited From Shortlisted Parties Within 64 Days

New Delhi: The Centre has decided on 100% disinvestment of national carrier Air India — it’s final, no more procrastinating. Those bidders which have been shortlisted will have to submit fresh bids within 64 days.

“We’ve decided that Air India will be 100% disinvested. Choice isn’t between disinvestment and non-disinvestment, it’s between disinvestment and closing down. Air India is a first-rate asset, but has an accumulated debt of Rs 60,000 cr. We need to draw the slate clean,” Civil Aviation Minister Hardeep Singh Puri was quoted as saying by ANI.

Puri further stated that this time the government will have no second thoughts.

“In the last meeting, it was decided that the shortlisted bidders (for Air India disinvestment) be informed that the bids have to come in within 64 days… This time the Government is determined and there is no hesitation,” Puri said.

Also Read: Deadline For Bidding Ends Today: Who Will Buy Air India?