{"id":116146,"date":"2021-09-15T15:59:42","date_gmt":"2021-09-15T15:59:42","guid":{"rendered":"https:\/?p=116146"},"modified":"2021-09-15T15:59:45","modified_gmt":"2021-09-15T15:59:45","slug":"india-gets-bids-for-sale-of-air-india","status":"publish","type":"post","link":"https:\/\/aviacionaldia.com\/en\/2021\/09\/india-gets-bids-for-sale-of-air-india.html","title":{"rendered":"India gets bids for sale of Air India."},"content":{"rendered":"\n

The Indian finance ministry said on Wednesday that the debt-laden state-run airline Air India <\/strong>has received financial bids for its privatisation process.<\/p>\n\n\n\n

\u201cFinancial bids for Air India disinvestment received by Transaction Adviser. Process now moves to concluding stage\u201d, Tuhin Kanta Pandey, secretary, Department of Investment and Public Asset Management, said in a tweet.<\/p>\n\n\n\n

See also: <\/em><\/strong>Jet Airways announces will resume operations in 2022.<\/em><\/a><\/p>\n\n\n\n

The government will soon announce the floor price for the sale of Air India, a senior government source, who declined to be identified, told Reuters<\/a>.<\/p>\n\n\n\n

India\u2019s Tata Sons said it had submitted a bid for Air India, while local media reported that SpiceJet also submitted a bid.<\/p>\n\n\n\n

Prime Minister Narendra Modi\u2019s government has renewed a push to sell its entire interest in the loss-making airline, which has been kept aloft by a bailout since 2012.<\/p>\n\n\n\n

The government loses nearly 200 million rupees every day to run the national carrier, which has accumulated losses of over 700 billion rupees ($9.53 billion), officials said.<\/p>\n\n\n\n

Photo: MitRebuad\/Wikimedia<\/a><\/p>\n\n\n\n

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