AIR INDIA'S disinvestment process is unlikely to conclude the remaining of little over the period of three month of the year 2020-21,an official said. There were a multiple entities such as Tata Group and US based fund interups Inc. who put a preliminary bid on Air India which is a loss making carrier. Not only these entities, but also a group of 200 employees have submitted their expression of interest for the career in partnership with interups. “The Transaction Advisor will inform the qualified bidders by January 6 following which the bidders will be given access to virtual data room (VDR) of Air India," an official said. The government was thinking to sell its 100 cent stake in Air India because of the fact that it had been running in losses since 2007 when it merged with the domestic Indian operator Indian airlines. The stake selling process was delayed due to Covid-19 and the government has extended the deadline for submitting the bids five times. Hence the government decided in late October decided to do bidding for Air India based on enterprise value, which includes market capitalisation of a company, short term and long term debt as well as any cash on the company's balance sheet. In 2018, the government had sold its 76 cent stake in the airline.