Sufficient interest for Air India, says DIPAM secretary

In AVIATION

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

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