Bidding for Air India will be carried out through a newly-developed e-bidding system, sources said. (Shutterstock)The government is planning to invite preliminary bids for 100 per cent stake sale in Air India next month and already some entities have expressed interest in the national carrier, sources said. Some entities have already expressed interest in buying Air India, the sources said, adding the Expression of Interest (EoI) document is being given the final touches. Earlier this month, Air India management held a meeting with its trade unions on the proposed privatisation of the loss-making carrier. AIAHL was set up for warehousing accumulated working capital loans not backed by any asset along with four subsidiaries – Air India Air Transport Services Ltd, Airline Allied Services Ltd, Air India Engineering Services Ltd (AIESL) and Hotel Corporation of India Ltd (HCI) – and non-core assets, including paintings and artefacts.

Source: The Telegraph October 20, 2019 08:37 UTC