Government Decision Pending On New Owner Of Air India

The Central Government has not decided on the new owners of Air India (AI). Commerce and Industry Minister Piyush Goyal on Saturday clearly said that the decision on the final owners of Air India is yet to be taken, further suggesting that the final winner will be selected through a well-defined process.

Piyush Goyal is reported to have confirmed that the bids were invited and officers have assessed them. He added that in due course of time and through a whole well laid down process which is in place will select the final winner.

Taking to Twitter Tuhin Kanta Pandey, Secretary to Department of Investment and Public Asset Management (DIPAM), the government department responsible for privatisation tweeted on Friday that the Government has so far not approved any financial bid for Air India. In his tweet, he also said that media reports indicating approval of financial bids by the Government of India in the AI disinvestment case are not correct.

The sale process began in January 2020. It faced delays due to the Covid-19 pandemic. In April 2021, the government asked potential bidders to put in financial bids. The last day for putting in financial bids was 15 September 2021.

Bids were put in by multiple entities. Tata Group also put in an initial expression of interest (EoI) in December 2020 for buying the Maharaja.

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