Govt to sell 100% stake in Air India

The government today announced sale of 100 per cent stake in debt-laden Air India as it issued the preliminary bid document for the strategic disinvestment with the deadline for submitting expression of interest set as 17 March.As part of the strategic disinvestment, Air India would also sell 100 per cent stake in low-cost airline Air India Express and 50 per cent shareholding in joint venture AISATS, as per bid document issued today.Management control of the airline would also be transferred to the successful bidder. This is the second time in less than two years that the government has come out with proposal for selling stake in Air India, which has been in the red for long.The government has set 17 March as the deadline for submitting the expression of interest (EoI).