Air India’s financial bids by September 15

Financial bids for Air India are likely to be received from qualified institutional buyers (QIBS) by September 15 this year, Minister of State for Civil Aviation V K Singh has said. The Centre had invited Expressions of Interest

(Eois) for Air India on January 27, 2020. The last date of submission of Eois – after multiple extensions due to COVID-19 pandemic – was December 14, 2020. “Multiple Eois were received by Transaction Advisor. Request for Proposal (RFP), along with draft Share Purchase Agreement (SPA), has been shared with QIBS for submission of financial bids,” Mr Singh said, replying to a question in the Lok Sabha last month.