The Ministry of Civil Aviation has revised the bidding parameters for Air India’s divestment and has decided to ask for bids at enterprise value instead of equity value. The deadline for inviting bids has also been till December 14. The Ministry has also extended the cap on airfares till February 24, 2021. In the wake of the coronavirus outbreak, the aviation ministry implemented a cap on domestic airfare in May. The Ministry has also announced the direct flights between Amritsar and Nanded will restart from November 10.
“The bids will now be invited on the enterprise value where bids will be invited on both equity and debt, Union civil aviation Minister Hardeep Puri announced on Thursday while addressing a press conference. The decision was taken by the Air India Specific Alternative Mechanism on Wed following a meeting with the home ministry, Puri added.