Air India disinvestment: Delayed by COVID impact, will be completed in 2021, says Hardeep Singh Puri

Air India disinvestment: Delayed by COVID impact, will be completed in 2021, says Hardeep Singh Puri

ANIUpdated: Friday, June 04, 2021, 10:04 AM IST
article-image
Unsplash

Union Civil Aviation Minister (MoCA) Hardeep Singh Puri on Friday said that that the disinvestment process of Air India is getting delayed due to the second wave of the COVID pandemic and assured that the disinvestment process will happen in this year.

"Air India is getting disinvested. It will take some time due to the pandemic. I want to assure you that it (AI Disinvestment) will happen in this year," the Union Minister told ANI.

The second wave of COVID-19 may slow down disinvestment process but he has assured that the disinvestment of Air India will be completed in 2021.

Earlier on March 27, 2021, Puri had said that Air India would be brought under a private player in late May or June.

"At a meeting, it was decided that the government will close the financial bids within 64 days," Puri told ANI.

Due to the ongoing COVID-19 pandemic, bidders are unable to travel for physical meetings and an important formality that will have to be done before AI privatised.

"Air India is still in the debt of Rs 60,000 crore and it's liable to be sold," the minister said earlier.

RECENT STORIES

OnePlus Nord 5, OnePlus Nord CE 5, OnePlus Buds 4 Launch Event Today: How To Watch Live

OnePlus Nord 5, OnePlus Nord CE 5, OnePlus Buds 4 Launch Event Today: How To Watch Live

SEBI Analyses Profit & Loss Of Individual Traders In EDS; Says 91% Of Individual Traders Suffered...

SEBI Analyses Profit & Loss Of Individual Traders In EDS; Says 91% Of Individual Traders Suffered...

Market Outlook: Technical Call of the Day & Top 5 Stocks in Focus for 8th Jul 2025

Market Outlook: Technical Call of the Day & Top 5 Stocks in Focus for 8th Jul 2025

Mumbai News: MHADA, Adani Realty Ink Landmark Pact For Goregaon's Largest Redevelopment Project

Mumbai News: MHADA, Adani Realty Ink Landmark Pact For Goregaon's Largest Redevelopment Project

Aviation News: Akasa Air Signs 3-Year C-Check Maintenance Deal With GMR Aero Technic For Boeing 737...

Aviation News: Akasa Air Signs 3-Year C-Check Maintenance Deal With GMR Aero Technic For Boeing 737...