Civil Aviation Secretary RN Choubey has said the government may issue in the next two weeks the Expression of Interest for bidders interested in participating in the divestment of Air India. He added that rebids for Pawan Hans would also be invited shortly.
Addressing Wings India 2018, the air show organized jointly by the Federation of Indian Chambers of Commerce and Industry and Ministry of Civil Aviation, Choubey declined to get into details of why there was a need to call for bids again for Pawan Hans.
On February 22 this year, Ashok Gajapati Raju, Union Civil Aviation Minister, had said that there was only one effective bidder in the fray. "There was some expression of interest and one bidder has qualified. It is a single tender. We are wondering what to do. We will take a decision shortly," the Minister said.
While officially there is no word on why one party remained in the fray to pick up a stake in PHHL, sources indicated that the fact the government was seeking a very high networth of the companies bidding for the state-owned helicopter operator had put off many of the perspective bidders.
Choubey also announced that the government hopes to issue the Expression of Interest which will be circulated among those interested in picking up a stake in Air India. This means there is a delay of two weeks in the entire divestment process as Choubey had earlier said that the EOI will be issued at the end of February.
Jayant Sinha, Minister of State for Civil Aviation, had earlier said that a private bidder will be allowed to pick up 51 per cent or more stake in Air India.
A decision on whether there should be a 100 per cent stake sale of Air India is something on which the Alternate Mechanism of Ministers will have to take a call.
Choubey says AI's EoI to be issued in 15 days
By IndianMandarins - 2018-03-09 10:35:57
Civil Aviation Secretary RN Choubey has said the government may issue in the next two weeks the Expression of Interest for bidders interested in participating in the divestment of Air India. He added that rebids for Pawan Hans would also be invited shortly.
Addressing Wings India 2018, the air show organized jointly by the Federation of Indian Chambers of Commerce and Industry and Ministry of Civil Aviation, Choubey declined to get into details of why there was a need to call for bids again for Pawan Hans.
On February 22 this year, Ashok Gajapati Raju, Union Civil Aviation Minister, had said that there was only one effective bidder in the fray. "There was some expression of interest and one bidder has qualified. It is a single tender. We are wondering what to do. We will take a decision shortly," the Minister said.
While officially there is no word on why one party remained in the fray to pick up a stake in PHHL, sources indicated that the fact the government was seeking a very high networth of the companies bidding for the state-owned helicopter operator had put off many of the perspective bidders.
Choubey also announced that the government hopes to issue the Expression of Interest which will be circulated among those interested in picking up a stake in Air India. This means there is a delay of two weeks in the entire divestment process as Choubey had earlier said that the EOI will be issued at the end of February.
Jayant Sinha, Minister of State for Civil Aviation, had earlier said that a private bidder will be allowed to pick up 51 per cent or more stake in Air India.
A decision on whether there should be a 100 per cent stake sale of Air India is something on which the Alternate Mechanism of Ministers will have to take a call.
