Aviation Minister 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 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 this year," Mr Puri told news agency 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, Mr 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," Mr 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.
Tips To Protect Your Newborns From High Air Pollution Trinamool Leader Fails To Comply With Defamation Ruling, Minister's Wife Moves Court Thepla And A Drink: Liquor On Debut Surat-Bangkok Flight Runs Out, Officials Say... Congress Leader Files Complaint Against Allu Arjun Over Scene In 'Pushpa 2' Israel Confirms It Killed Ex-Hamas Leader Ismail Haniyeh in Iran Trump Says US Ownership Of Greenland Absolutely Necessary, Nation Responds "Some Progress": Benjamin Netanyahu On Gaza Hostage, Ceasefire Talks "Like Truman Show": Ex Mossad Agents Detail Planning Behind Pager Attacks Honda Shares Soar 16% After Buyback Announcement Track Latest News Live on NDTV.com and get news updates from India and around the world.