For Quick Alerts
For Daily Alerts

Government Calls for Bids to Sell 76% of Air India


The government which owns 100% stake in low-cost international air carrier subsidiary Air India Express, has invited bids to sell 76% of its stake. Bids have also been invited for the sale of 50% stake of Air India in AISATS. Air India and Singapore Airport Terminal Services (AISATS) is a ground handling subsidiary of which AI has a 50% stake.

Government Calls for Bids to Sell 76% of Air India

Advertisements have been issued by the government for Expression of Interest (EOI) today from companies or consortium with a net worth of Rs 5,000 crore.

In order to facilitate the participation of Indian carriers, the government has also allowed carriers with zero or negative net worth to participate in the bidding if they form a consortium or partnership with other carriers or private equity investors to add up to the threshold.

Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more