Air India stake sale: While many Indian airlines have ruled themselves out of the race for picking up a stake in India\u2019s national airline Air India, Jet Airways chairman Naresh Goyal has Air India on his radar, according to a Bloomberg report. "We are looking at our own business. But I am not saying that we will not look at Air India, I\u2019ve never said that. Ultimately we will always see what is the best approach ahead of us, and for the country,\u201d Bloomberg reported Naresh Goyal as saying. Notably, Naresh Goyal\u2019s comments come even as other major airlines IndiGo and Spicejet have ruled themselves out of the race. Aditya Ghosh of IndiGo said in a recent statement that IndiGo may not have the capability to take on the task of acquiring and successfully turning around all of Air India\u2019s airline operations. Notably, a recent PTI report \u00a0had quoted Jet Airways deputy chief executive officer Amit Agarwal saying that Jet Airways will not be participating in the bidding process, considering the terms of offer in the information memorandum and based on its review. Notably, Naresh Goyal also said that the plan to privatize Air India is \u201ca brave and very good decision\u201d for India, predicting that the process will ultimately prove successful, Bloomberg reported.\u00a0The government has extended the deadline to receive initial bids for its stake in state-run carrier Air India to May 31 from May 14, and also said that it will retain 24% stake in the carrier as a minority investor. \u00a0The Ministry of Civil Aviation has put out its responses to queries received on Air India disinvestment relating to the government holding a 24% stake in the debt-laden carrier. \u201cThere is a great deal of interest for Air India,\u201d Civil Aviation Secretary R N Choubey told PTI last week, speaking on the sidelines of the US-India Aviation Summit. Choubey also said that no American carrier has expressed formal interest for Air India. The divestment would include profit-making Air India Express and joint venture AISATS, an equal joint venture between the national carrier and Singapore-based SATS Ltd. The qualified bidders would now be known on June 15, whereas the earlier date was May 29.