Bids for state-owned Air India were meant to close today, but the government has extended the deadline for a further two months.
In a seventh revision for expressions of interest to buy Air India, including its 100% stake in Air India Express and 50% stake in Air India SATS Airport Services, the government has pushed the deadline to 31 August.
The government will reveal qualified bidders on 14 September.
On 20 June, civil aviation minister Hardeep Singh Puri called the airline a “first-rate asset” and said he was more confident than ever of a successful sale.
Meanwhile, Jet Airways, a privately-held Indian carrier that ceased operations in 2019 and which is also undergoing a sale process, sold two floors of office space in Mumbai for INR4.9 billion ($65 million).
On 13 June Jet Airways said that the sale would raise funds to pay off the Export-Import Bank of the United States, so that it can take ownership of six Boeing 777-300ERs.
