Air India

People in the know of the developments said that the transaction advisors are in touch with the interested bidders regarding several queries and the qualified bidders will be intimated only after the government is satisfied with the responses from the bidders.

The process has been divided into two stages. In stage I, expressions of interest (EoI) have been submitted by interested bidders and they will be shortlisted based on eligibility criteria and other terms mentioned in the Preliminary Information Memorandum (PIM). In the stage II, shortlisted interested bidders will be provided with a request for proposal (RFP) and thereafter there will be a transparent bidding process, said a presentation by the ministry.

In a letter to Puri, the AIEU said that the existing medical scheme in Air India should be continued as it is for the serving and retired employees. On provident fund, the union said that there are two separate Provident Fund trusts in erstwhile Air India and erstwhile Indian Airlines which are governed by the 1925 PF Trust Act.