Government has invited bids to sell its 100 per cent stake in Air India. Issuing the preliminary bid document for the strategic disinvestment yesterday, government set the March 17, as the deadline for submitting expression of interest.
As part of the strategic disinvestment, Air India would also sell 100% stake in low-cost airline Air India Express and 50% shareholding in joint venture AISATS. Management control of the airline would also be transferred to the successful bidder.
Civil Aviation Minister Hardeep Singh Puri said that Air India along with Air India Express is a great asset and the successful bidder will continue to use Air India brand.