From the last few years we all heard that Air India is going to be privatised. But for some reasons the deal wasn’t close. Now this time the Government has started asking for financial bids to the private companies. The government has given 64 days to deposit the bids and after that they will hand over the Air India to a private company. This is the last step of selling and it is estimated that will be sold by this September.
In the initial stage, Tata group and Spicejet and other private companies took part. Also gave the bids for purchasing. The company is going to be sold because of being debt-laden.
According to the PTI, The Government has given access to virtual data rooms to those companies who gave the bids at the initial stage. The reason for giving access to virtual data rooms is to give all the information. After that companies can make their bids according to the information.
After the Virtual data room, the private companies asked questions and debt of Air India and cleared all their doubts. Then the government asked them for the financial bids.
Why Air India not sold in 2017?
In 2017, the government tried to sell Air India But they did not sell at that time. But now they make this deal so attractive. Also ask companies how much liability they can take on the debt of Air India. Because in 2017 the government told the companies to pay all the debt which is 60,074 crore.
If Air India to be privatised and which company wins the bid they will get 4400 local and 1800 international landing and parking stalls. Apart from that, they will also get 900 stalls from foreigners.
Civil Aviation Minister Hardeep Singh Puri said that the government is liable for the expense of the company until it is not to be privatised. If it is not privatised then it will shut.