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1-min read

No Bids For Air India So Far, Will Not Extend Deadline: Aviation Secretary

The government will not extend the deadline for submissions of interest in Air India, R.N. Choubey said on Wednesday, The deadline for receiving bids has already been extended once to May 31 from May 14.

Reuters

Updated:May 30, 2018, 2:30 PM IST
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No Bids For Air India So Far, Will Not Extend Deadline: Aviation Secretary
Air India (Photo for representation)
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NEW DELHI: The government has not received any bids so far for its stake in state-run carrier Air India, the civil aviation secretary told TV channels, a day before the formal bidding process closes.

The government will not extend the deadline for submissions of interest in Air India, R.N. Choubey said on Wednesday. The deadline for receiving bids has already been extended once to May 31 from May 14.

The Union government, keen to sell the loss-making, debt-ridden airline, finalised plans in late March to divest a 76 percent stake and offload about $5.1 billion of its debt.​

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