The government is expected to complete the bidding process for the debt-ridden state-owned airline Air India on Wednesday (September 15). Sources said Tata Sons has completed its bidding process for the sale. Aviation Minister Jyotiraditya Scindia had earlier clarified that September 15 is the deadline for the process and there will be no change.
At present, Air India has a debt of around ₹43,000 crore, of which ₹22,000 crore will also be transferred to Air India Asset Holding Limited (AIAHL).
The government is planning to sell 100% stake in the airline and its low-cost arm Air India Express. and 50% stake in ground handling company Air India SATS Airport Services Private Limited (AISATS).
Mumbai’s Air India Building and Delhi’s Airlines House will also be part of the deal.
Currently, the airline handles over 4,400 domestic and 1,800 international landing and parking slots at domestic airports as well as 900 slots overseas.