Govt may select successful bidder for Air India in 3 weeks: Report

The government is expected to select the successful bidder for Air India in approximately three weeks. The reserve price for the state-run airline is also likely to be finalised during the period.

Final bids for acquiring state-run carrier Air India were recently submitted by Tata Sons and SpiceJet promoter Ajay Singh. The government could select the winner of the bid in approximately three weeks, reported Business Standard.

Two high-level committees will decide the reserve price for the national carrier within this period, added the report. This will be one of the final steps in the Air India divestment process, following which the government will plan to complete the transaction by December.