Air India deal likely to be sweetened further, PIM expected by July 7

The govt has decided to come out with the preliminary information memorandum (PIM) inviting expression of interest (EoI) by the first week of July

Moving at jet speed, the two-stage bid process for selling of entire 100 per cent equity stake in national carrier Air India could kickstart as early as July 7.

The government has decided to come out with the preliminary information memorandum (PIM) inviting expression of interest (EoI) by the first week of July.

"Besides offering 100 per cent stake to private investors, more loans of the airline would be transferred to the special purpose vehicle (SPV) in order to further sweeten the deal," said a senior official.

The government had decided to transfer debt amounting Rs 29,464 crore along with