The government on Monday said it plans to sell its entire stake in debt-laden Air India after an attempt to sell a majority stake in the airline failed in 2018.
A bid document issued on Monday said that the government would sell a 100% stake in the carrier which is operational for both domestic and international routes.
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The deadline for submissions of initial expressions of interest is March 17, 2020, and debt of Rs 23,286.5 crore would remain with Air India and Air India Express at the time of closing of the disinvestment.
The Management control of the carrier would also be transferred to the successful bidder.
In 2018, the government had attempted to offload 76% stake share and give management control to private players but there were no bidders at that time.
The low-cost carrier is owned by Air India Limited which is a Government of India enterprise and serves domestic and international destinations.
