Civil Aviation Minister Hardeep Singh Puri on Friday indicated that the deadline for submission of preliminary bids for Air India could be extended even as he emphasised that the disinvestment process is going on "extremely well".
Making a second attempt to privatise loss-making Air India in as many years, the government on January 27 came out with a Preliminary Information Memorandum (PIM). Puri said the disinvestment process for Air India is going on "extremely well"
The government has proposed selling 100 per cent stake in Air India along with budget airline Air India Express and the national carrier's 50 per cent stake in AISATS, an equal joint venture with Singapore Airlines.
There is a lot of interest... A lot of entities have come and asked us queries. Today is the last date for (the) queries," he said. The Minister of State for Civil Aviation also said extra time would be given to people but did not elaborate.
The government extended the deadline till March 6 for bidders to submit additional queries regarding the proposed disinvestment. The earlier deadline was February 11. When asked whether the deadline for submission of initial bids would be extended, Puri said, "only to accommodate a few days that we lost".
Specific details could not be immediately ascertained. The last date for submitting preliminary bids is March 17. Last month, government officials said the deadline was likely to be extended.
Also read: Vistara planning to enter bidding race for Air India, says Chairman Bhaskar Bhat
On Thursday, international airlines' grouping IATA said Air India's disinvestment process might be "quite difficult at this moment" amid the coronavirus outbreak, which would hit the global market for Indian carriers as well as inbound tourist traffic into the country. Air India has been in the red for long.
The MPs, suspended from the House for a week on allegations of creating ruckus in Parliament, are
New Delhi: Shopping malls, religious places, hotels and restaurants have reopened in the country
The people of Delhi-NCR, who have been facing the scorching heat and heatwave in the last few day
The question of marriage came up during Rahul Gandhi's Bharat Jodo Yatra. The answer was very int
Scary facts have come to the fore in the death of a young man suspected of monkeypox in Thrissur,
Hard work and determination are two things that have no substitute. By following this, any destin
Stocks fail to bounce back as selling persists
कारोबार के शुरुआती मिनटों में सेंसे
Nirmala Sitharaman on Muslims Union Finance Minister Nirmala Sitharaman today attacked the 'negat
CUET UG 2022: Is there a conspiracy against CUET, know why exams have to be canceled
Common University Entrance Test i.e. CUET UG 2022 is being conducted for admission to undergradua
External Affairs Minister S Jaishankar on Wednesday said it is in the mutual interest of both Ind