'Incorrect': Government after reports on Tata Sons winning Air India bid
It was earlier reported that a panel of ministers has reportedly accepted Tata Sons' proposal to take over the debt-laden national carrier
Confusion prevailed all around it was reported that Tata Sons had won the bid for national carrier Air India. However, the government quickly refuted the report and tweeted that the report was incorrect.
Secretary of Department of Investment and Public Asset Management tweeted: "Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect. Media will be informed of the Government decision as and when it is taken."
Media reports indicating approval of financial bids by Government of India in the AI disinvestment case are incorrect. Media will be informed of the Government decision as and when it is taken. pic.twitter.com/PVMgJdDixS
— Secretary, DIPAM (@SecyDIPAM) October 1, 2021
Earlier, it was reported that a panel of ministers had accepted a proposal recommending Tata Sons' bid for debt-laden state-run airline Air India.
The government had begun an evaluation of the financial bids on Thursday, PTI had reported. The panel had received bids from Tata Group and SpiceJet founder, though the former was a leading contender.
Tatas were also the potential bidders for the airline when the government had tried to sell a stake in the carrier in 2001 and 2007.
Tata’s association with Air India dates back to 1932, when Tata Group founded Air India.
However, the government nationalised the airline in 1953.
Air India disinvestment: Govt moves deadline to receive bids to 31 May as it struggles to find suitor for 'Maharaja'
The government on Tuesday extended the deadline for submission of 'Expression of Interest' (EoI) bids under Air India's divestment process to 31 May, 2018
Air India Express expects over Rs 5,000 cr operating revenue in current fiscal, says CEO K Shyam Sundar
Air India Express, which is up for sale along with parent Air India, on Thursday said it expects to cross Rs 5,000 crore in operating revenue this fiscal aided by higher aircraft utilisation, better yields and lower fuel expenses
Disinvestment-bound Air India has approached aviation regulator DGCA for renewal of its flying permit, expiring in June, amid the government scouting for potential buyer for the loss-making carrier