Covid-19 outbreak has left its impact on disinvestment process of Air India as the government has deferred the last date to submit EoIs for the national carrier by more than a month to April 30 which was to expire on Match 17, 2020. It was requested by interested bidders and due to prevailing situation arising out of Covid-19. The decision was taken after India announced that it is suspending all visas till April 15. It would be impossible for foreign bidders to function normally with the closures and suspension. Hence the extension has been given and there is a possibility of further extension if the situation doesn’t improve. There is little chance of the process being successful in the current situation which has already failed once.
Readers' Choice
IPS officer writes to “Sarkar” seeking “Car” at par; flags a discriminatory regime
Gujarat: A major reshuffle of IPS enacted
Ex IAS officer joins BJP; to be fielded against Harsimrat Badal
ECI rejects proposal to appoint Saunik as CS; extension for Kareer sought
Saunik top contender for Maha CS; Kareer to retire on March 31
Air India disinvestment delayed further due to Coronavirus
By IndianMandarins - 2020-03-14 11:44:00
Covid-19 outbreak has left its impact on disinvestment process of Air India as the government has deferred the last date to submit EoIs for the national carrier by more than a month to April 30 which was to expire on Match 17, 2020.
It was requested by interested bidders and due to prevailing situation arising out of Covid-19. The decision was taken after India announced that it is suspending all visas till April 15.
It would be impossible for foreign bidders to function normally with the closures and suspension. Hence the extension has been given and there is a possibility of further extension if the situation doesn’t improve. There is little chance of the process being successful in the current situation which has already failed once.
