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Deadline to bid for Air India likely to be extended further

Thursday, April 2, 2020, 16:02 Hrs  [IST]
HBI Staff | Hyderabad

The government is likely to extend the April 30 deadline to bid for Air India as the COVID-19 fallout has disrupted economic activities globally, an official has said. This would be the second extension in the deadline to submit bids for Air India since the government initiated the process of stake sale in the debt-ridden national carrier on January 27.

 Initially, the bid submission deadline was March 17, which was extended to April 30 in view of the requests from interested bidders (IBs) and situation arising out of coronavirus. "There is a case to extend the bid submission deadline for Air India given the current global and domestic situation," the official said. 

 
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