Govt to sell 100 pc stake in Air India; issues bid document

The government on Monday issued the preliminary information memorandum for 100 percent stake sale in national carrier Air India. As part of the strategic disinvestment, Air India would also sell 100 percent stake in low cost airline Air India Express and 50 percent shareholding in joint venture AISATS, as per the bid document issued on Monday.

Management control of the airline would also be transferred to the successful bidder. The government has set March 17 as the deadline for submitting the Expression of Interest (EoI).

EY is the transaction adviser for Air India disinvestment process.