No bids for Air India so far: Aviation Secretary

Air India

New Delhi, May 30: The Narendra Modi-led government at Centre has not received any bids till the date for its stake in state-run carrier Air India, aviation secretary R.N. Chaubey said on Wednesday, a day ahead the formal bidding process closes.

“No bids have been received so far for Air India. We will not extend deadline for Expression of Interest (EOI) submission,” Chaubey stated.

The deadline for receiving bids has already been extended once from May 14 to May 31.

The government is planning to divest a 76 percent stake in the loss-making state-owned airline, which has reportedly been laden with debts running into thousands of crores.

After the terms were disclosed, no firm has come forward to say it is interested or to reaffirm previous interest.

However, Jet Airways and rival IndiGo, owned by InterGlobe Aviation, have already opted out of the race.

WeForNews 

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