The government is likely to go for 100 per cent stake sale in Air India, sources have told ET NOW. Air India Specific Alternative Mechanism (AISAM) will soon meet to finalise contours of expression of interest. The new EoI will enable “clean bids” for interested buyers.
AISAM will give a go-ahead for 100 per cent stake sale when they meet next, sources said.
The Civil Aviation Ministry and Department of Investment and Public Asset Management (DIPAM) are of the view that any buyer will come only if the government exits completely.
The debt overhang will also be reduced significantly in the new EoI for Air India.
AISAM is also likely to mull further transfer of debt to a special purpose vehicle (SPV).
The mechanism is expected to draw plan for asset monetisation, including Nariman Point Air India building.
