Any entity having adequate finances and ability to run Air India can bid for 76 percent stake in the national carrier, DIPAM secretary Neeraj Gupta said.
Air India passengers will now have to shell out more for choosing middle seats in the front and the middle portions of the aircraft, according to a communication.
The Civil Aviation Ministry is considering a steep reduction on GST levied on the aviation maintenance, repair and overhaul industry.
AI has called a meeting of its pilot unions in New Delhi next week to discuss about the proposed strategic disinvestment amid opposition from other employee unions.
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.
Disinvestment-bound Air India has delayed the payment of salaries for the month of March and is yet to intimate the employees about reasons for the delay, sources said.
The government plans to provide stock options to Air India staff after sale of its 76 percent stake in the debt-laden airline, a senior official said.
Air India has more than 6,200 slots for domestic and intl flights, which could be among the key attractions for potential bidders, according to an official document.
The government plans to sell 76 pc stake in Air India, according to the preliminary information memorandum released on strategic disinvestment of the national carrier.
Various details about AI disinvestment, including net worth criteria for the bidders, will be part of the EoI document, which is expected to be ready in a couple of wks.
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Economic Times Reports
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