NEW DELHI, Jan. 27 -- The government on Monday issued a tender to sell 100 percent stake in debt-strapped Air India. In this regard, the government has invited interest papers of initial bids till 17 March.
According to the tender document released on Monday, under the strategic disinvestment of Air India, the government will also sell 100 per cent stake in Air India Express, the cheap airline of Air India.
In addition, Air India-Sats Airport Services Private Limited (AISATS), a joint venture with Singapore Airlines (SATS) of Air India, will be sold. AIsats provide services other than standing and maintenance of aircraft at airports. The management of Air India will also be transferred to the successful bidder.
Government's second attemp...