Coronavirus News Asia

Covid-19 to hit Air India sale plan: Report

While the aviation sector the world over is facing headwinds caused by the tightening grip of coronavirus, it has also impacted the Indian government’s efforts to privatize national carrier Air India.

It has already extended the date of submission for expression of interest to April 30 from March 17 due to the ongoing coronavirus outbreak.

Consultancy firm Centre for Pacific Aviation (CAPA), in its report titled Impact of COVID-19 on Indian Aviation, said India’s plan to sell off Air India will be further delayed. It will have to infuse “immediate” interim funding of US$300-400 million to ensure continuity of operations until the sale process is done.

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