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.
Mumbai: Defending the timing of Yes Bank's moratorium, Reserve Bank of India governor Shaktikanta
Opposition to caste-based census has intensified in Karnataka. Vokkaligaara Sangha has warned of
Smartphone manufacturer OPPO has launched Reno 5 and Reno 5 Pro mobiles. Although these smartphon
Kapil Sharma: Kapil Sharma regrets not being able to work in 'Chamkila', said - I cried a lot
The Great Indian Kapil Show is airing on Netflix these days. In the recent episode, Diljit Dosanj
Salman Khan is in the headlines these days. Recently, there was a firing between two accused outs
The explosion occurred again on Monday at 6:30 am in the area of Heritage Street near Sri Hariman
Prime Minister Narendra Modi will address a gathering at the tribal shrine Mangarh in Rajasthan's
Salaar Teaser Out: Prabhas has been in discussion about his film 'Adipurush' for some time now. I
Prime Minister Narendra Modi on Wednesday distributed online rights records to one lakh 71 thousa
The contest between Indian-origin Rishi Sunak and Liz Truss has intensified for the post of Brita
