'Air India sale of 100% stake'According to the bidding document the government intends to sell all 100 percent stake in the national carrier that operates extensively on both domestic and international routes. The potential buyer or the bidder who has to submit the EoI before March 17 will also have to agree to assume roughly Rs 23,000 crore in debt, along with other liabilities, according to the document.
"Air India disinvestment process restarts today. THIS DEAL IS WHOLLY ANTI NATIONAL and I WILL FORCED TO GO TO COURT. WE CANNOT SELL OUR FAMILY SILVER"- Subramanian Swamy, MP, Rajya SabhaIn the last attempt, the govt had tried to sell as much as 76 percent of stake in Air India which did not fetch any result as the potential buyers viewed 5.6 billion debt as too difficult a condition. The government could not fetch a single bidder in the last attempt.
Subramanian Swamy joins opposition bandwagonDr Subramanian Swamy, the RS MP supported by BJP has come out in open against Modi government's decision to sell 100 percent stake in Air India sale. He even threatened to move court against the decision of the central government. "Air India disinvestment process restarts today. THIS DEAL IS WHOLLY ANTI NATIONAL and I WILL FORCED TO GO TO COURT. WE CANNOT SELL OUR FAMILY SILVER (sic)," he tweeted.
Meanwhile, sources within Air India said that the national carrier has some of India's most lucrative international and domestic landing and parking slots and these are the costliest assets that any airline would be proud of.
Air India disinvestment process restarts today https://t.co/72eklh9C3g: THIS DEAL IS WHOLLY ANTI NATIONAL and IWILL FORCED TO GO TO COURT. WE CANNOT SELL OUR FAMILY SILVER— Subramanian Swamy (@Swamy39) January 27, 2020