Tatas Submit Bid For Air India Sale, Say Sources
NDTV
The government is expected to complete the bidding process of debt-laden national carrier Air India on Wednesday (September 15).
The government is expected to complete the bidding process of debt-laden national carrier Air India on Wednesday (September 15). Sources said that Tata Sons has submitted its bid for the sale.
Aviation Minister Jyotiraditya Scindia had earlier made it clear that September 15 deadline for the process is fixed and will not change.
Currently, Air India has a debt of around Rs 43,000 crore of which Rs 22,000 crore will also be transferred to the Air India Asset Holding Limited (AIAHL).
The government is planning to sell a 100% stake in the airline and its low-cost arm Air India Express. And a 50% stake in ground handling company Air India SATS Airport Services Private Limited (AISATS).
