The government must consider Air India’s massive financial burden, which is likely to be a potential liability of USD 20 billion before a business turnaround, during the disinvestment process and look at possible changes to the contours of the proposed sale, according to a report. Leading consultancy CAPA India on Thursday also emphasised that the government should have a ‘Plan B’ for the national carrier in place now, which can be immediately operationalised, if required, in face of the prevailing situation.
The coronavirus pandemic has significantly impacted the aviation industry worldwide, including India.
Domestic carriers are now grappling with lower demand and rising costs, amid the second COVID wave.
