Aviation

Government extends deadline to bid for Air India by 2 months till August 31

The government has again extended the deadline to bid for Air India by two months till August 31 as the COVID-19 fallout has disrupted economic activities globally. This is the third time the deadline has been extended.

The divestment process for the national carrier was initiated on January 27.

Issuing a corrigendum to the Expression of Interest (EoI) for the sale of Air India, the Department of Investment and Public Asset Management (DIPAM) said the deadline has been extended in view of the “request received from the IBs (interested bidders) in view of the prevailing situation arising out of COVID-19.”

While issuing the EoI in January, the last date for bids was kept at March 17, which was later extended till April 30. This was further extended to June 30, and now till August 31.

Also, the date for intimation to Qualified Interested Bidders (QIBs) has been extended by two months till September 14, the DIPAM said in the corrigendum posted on its website.

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Source
The Hindu
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