New Delhi: Air India Divestment has entered its final round with the Advisory of Transaction Ernst & Young, along with RBSA advisors to make a presentation on the Maharaja assessment to the government on Tuesday.
The Investment Department and Management of Public Assets (Depam) are studied to meet the two quality bidders – Tata Group and Spicejet Promoter Ajay Singh-LED Consortia – on Wednesday.
Incidentally, October 15 is an important date in the history of AI.
On 1932 on the 1932 that J R d Tata drafted the first planned water system from Aerodrome Jalan Terbak Karachi to Airstrip Juhu Mumbai through Ahmedabad on a machine one Machine de Havilland puss MOTH carrying 25 kg 4-Anna airmail letter.
This announcement can be calculated the 89th birthday of Tata Aviation services, Forerunner to Tata Airlines and Indian Air.
“AI divestment is in the final stage and last lap.
Announcement can be made soon.
Selling AI Off will be the strongest signal from the government which is steadily committed to the Divestment Program and the recently announced asset monetization program,” said a major government official, Who doesn’t want to be named.
While countries are interested in winners – most likely to be tatas – taking over AI at the end of the year, the source says the process can take time at this fiscal end.
The aircraft ministry has asked AI to complete his earliest half-annual account.