No Bids for Air India so Far, Govt Will Not Extend May 31 Deadline

NEW DELHI:
The government will not extend the May 31 deadline it had set for submission of Expressions of Interest (EoIs) in Air India, Civil Aviation Secretary RN Chaubey said. No bids were received so far from any private players, he added. The deadline was earlier extended from May 14 to May 31.
The government plans to divest a 76 per cent stake in the loss-making state-owned carrier. Despite queries regarding the sale of the majority stake, there haven’t been any bids so far. The state-owned airline is laden with debts running into thousands of crores. The government plans to announce the qualified bids, if they are any, on June 15.