Analysts and Industry watchers said that the while the Government should consider divesting its stake in Air India (AI), proceeding with the idea at this point in time will not be a wise decision.
The experts spoke to BusinessLine, a day after the Centre had announced that the last date for submission of Expression of Interest (EOI) in the State-owned carrier was being extended by two months to June 30.
When the divestment process had begun, towards the end of January 2020, senior Government officials indicated that they were hopeful of identifying a new owner for AI by June or July this year. But the recent extension implies that the timelines for finding a new owner for the national carrier will have to be re-drawn due to the impact of the coronavirus pandemic on the economy at large.
