Few more months for deciding the New owners of Indian Flag Bearer, Air India .
Indian aviation minister Hardeep Singh Puri says, “There was a meeting yesterday and it has been decided that we will close the financial bids within 64 days. Post that, it will be the decision and announcement on who gets it (Air India).”
He sees, end of May this year as decisive time to finalize on the future owners for Air India, that is expected to bring in the biggest reform in India’s aviation sector.
"Current privatisation process got delayed due to the Covid-19 pandemic. The process for inviting financial bids will start soon and the target is to complete the sale process by the end of this calendar year. After the future owners of Air India are decided by June, it would take another six months to handover the airline."
“The new owners of the airline will be able to run the airlines with a management that knows how to run an airline and by not repeating the mistakes made in the past."
Earlier, lacking bidders, the indian government had failed to get any bid for Air India in 2018, when it was trying to sell a 76% stake in the airline. It then decided to offload 100% of Air India including Air india Express.
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