New Delhi. The government on Wednesday started the process of bids for the debt-ridden state-run airline company Air India. According to Aviation Minister Jyotiraditya Scindia, this process will be completed on 15 September i.e. today. Let us tell you that in the year 2018, the government had started the process of bidding to sell 76 percent stake in Air India, but no buyer was found then. After this, the government now expects at least two buyers to submit bids by September 15.
According to news agency ANI, Tata Group can make its bid to buy Air India through its holding company and SpiceJet chairman Ajay Singh. At the same time, a government source said on the condition of anonymity that we are very hopeful that this time Air India will get new bidders.
Air India has huge debt
Let us tell you that Air India has a huge debt. This is a debt of about Rs 43,000 crore. Out of which Rs 22,000 crore will be transferred to Air India Asset Holding Limited (AIAHL). According to information received from sources, the debt of the airline has increased to Rs 43,000 crore and all these loans are under government guarantee. Whenever the government hands over it to a new owner, the government will pay this debt.
Preparing to sell 100% stake
The government has refused to give any information related to the sale of Air India. The central government is preparing to sell 100 percent stake in Air India and its low-cost subsidiary Air India Express. Apart from this, the ground holding company will sell 50 percent stake in Air India SATS Airport Services Private Limited (AISATS). At the same time, other properties including Air India building in Mumbai, Airlines House in Delhi are also included in this sale.