Sufficient interest for Air India, says DIPAM secretary


As the Centre gears up to invite fresh expressions of interest (EoIs) soon for the sale of its entire stake in debt-ridden Air India, the DIPAM (Department of Investment and Public Asset Management) secretary Tuhin Kanta Pandey told FE that there is sufficient interest among potential buyers.

“There is sufficient interest from investors and the (strategic disinvestment) process of AI is moving in the right direction,” Pandey said.

Sources said AI won’t be a distress sale as it is a robust going concern and potential buyers could capitalise on its premium bilateral rights and parking slots across the world to revive its fortunes.

Also, the government would take over some more debt of AI and pass on a ‘fair’ amount of debt and liabilities to the buyer. Read More

You may also read!

Next Round of India-China Boundary Talks in Agra on December 21: Reports

As per several reports, the next round of boundary talks between India and China might take place in Agra


Indian Security Agencies Fear More Attacks In Kashmir Amid Communication Blockade

Senior Hurriyat leader of Jammu and Kashmir Abdul Ghani Butt has urged the international community and the global human


India’s response to Uri, Pulwama attacks most robust: Gen Bipin Rawat

Army Chief General Bipin Rawat on Saturday said that India's response to Uri and Pulwama attacks were significantly most


Mobile Sliding Menu