Covid-19 impact: Air India sell off will be delayed, says CAPA
The privatisation process for Air India will be further delayed, aviation advisory CAPA said on Wednesday in a report title, ‘Impact of Covid-19 on Indian aviation’.
The report points out that the submission date for Expression of Interest has already been pushed back by six weeks. As a result, the government will need to commit significant and immediate interim funding of $300-400 million for the national carrier, to ensure that it is able to operate at least in its current condition till the sale transaction is concluded.
“The government must also have a fall-back plan to regroup and continue to operate the airline for the medium term if the privatisation process is unable to proceed,” the report adds.
