​Government extends deadline for Air India sale yet again | News

The Indian authorities has prolonged the deadline for the sale of flag provider Air India by an extra two months, attributing it to the Covid-19 pandemic.

In an eighth corrigendum printed by the Division of Funding and Public Asset Administration, the deadline to submit of expressions of curiosity has been pushed again to 30 October, from 31 August.

Certified bidders may also learn of the result on 20 November as an alternative of 14 September.

“The above modifications are as per the requests obtained from the [interested bidders] in view of the prevailing scenario arising out of Covid-19,” it says.

Till not too long ago, Tata Group had been the one bidder for the airline, although native enterprise newspaper Monetary Categorical reported on 21 August that Hinduja Group, LufthansaEtihad Airways and Singapore Airways may throw their hats into the ring. Cirium couldn’t independently confirm that report.

The federal government final prolonged the deadline for the sale again in June, additionally by two months.

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