Lenders may take Mumbai International Airports Ltd (MIAL), a GVK- group entity, for restructuring under RBI’s special window for Covid-19 impacted sectors and corporates.
Aviation and related infrastructure is one of the most impacted sectors due to the sharp economic downturn caused by restrictions imposed to contain the spread of the coronavirus (Covid-19) pandemic.
A senior executive with a private bank said that because of Covid impact, Mumbai International Airport needs restructuring. It would happen in due process because of the large loan. “It will have to wait for K V Kamath panel recommendation. Then, lenders will take call on restructuring. Definitely, airport is one such business that needs restructuring,” he added.
