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IndiGo only company to formally express interest in Air India ops: Sinha

Air India's domestic and international operations will be sold together, says MoS Aviation

Agencies  |  New Delhi 

Air India

Union Minister of State for Civil Aviation on Friday said the divestment process for national air carrier has begun and that bidder will be finalised in 6-8 months.

So far, and IndiGo have expressed their interest in the bidding process, said Sinha.

Air India's domestic and international operations will be sold together, he said.

On the disinvestment process, he said the government is still in the process of identifying which subsidiaries of should be offered separately.
 
"Even if they are offered separately, if you want to bid for each one of them and re-integrate them, we are providing flexibility," the minister said. has a debt burden of more than Rs 50,000 crore.

While IndiGo has submitted a formal request to take over Air India’s airline operations, Chairman Natarajan Chandrasekaran has also joined the queue of interested bidders for the stake sale, said a Bloomberg tweet on Friday.

The mammoth deal includes an operating fleet of 142 aircraft comprising sixty-five A-320 aircraft, fifteen B777 aircraft, twenty-four 787 aircraft, twenty-three 737-800 aircraft and eleven ATRs and four B747 aircraft.

Apart from the main company, five subsidiaries and a joint venture firm have been included in the strategic sale plan. These are its low cost airline Express Limited; ground handling arm Air Transport Service Limited; maintenance, repair and overhaul subsidiary Engineering Services, regional connectivity operator Airline Allied Service, Hotel Corporation of India and Air India’s 50:50 joint venture with Singapore Air Transport Services (SATS) for ground handling activities.

First Published: Fri, December 01 2017. 18:24 IST
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