India

Govt Again Extends EOI Deadline To October 30 For Air India Sale

By
OB Bureau

New Delhi: The central government has again extended the deadline for submission of expression of interest (EoI) for the government’s entire stake in Air India to October 30. This is the fourth deadline extension by the Centre in view of the prevailing COVID situation in the country.

The government will inform the qualified bidders on November 20.

It was on January 27 when a preliminary information memorandum for inviting EoI was issued by the government. This was followed by a corrigendum and certain clarifications.

The central government has invited EoI for national carrier Air India by way of the transfer of management control and sale of Centre-held 100 per cent equity share. The strategic sale would also include Air India’s shareholding interest of 100 per cent in Air India Express and 50 per cent in Air India SATS.

OB Bureau

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