Air India has been a blessing in disguise for the Indian government. The airline has been continuously working towards helping stranded passengers reach their destinations in difficult times. Not only this, but the airline is also transporting essential good such as PPE kits and medical supplies to help the medical sector save the lives of people. The recent Vande Bharat Mission is also being streamlined with the biggest contribution of the state-owned carrier Air India. However, the carrier is facing financial pressure before the outbreak of the deadly virus. Now, the pressure has increased. The talks of privatisation of the carrier are still in the news, and the government has extended the deadlines of filing bids. Hardeep Singh Puri who is the Union Minister of Civil Aviation, stated that government wants to sell Air India as a commercially viable going concern and it will not extend the bids deadline beyond August 31, 2020.
Government has Extended Bids of Air India For Third Time
The government of India has extended the deadline to bid for Air India for the third time until August 31, 2020. The extension has been made due to the outbreak of Covid-19, which has impacted global economies. Now the last date for intimation to qualified bidders has been extended till September 14, 2020.
Air India Will be an Attractive Buy Post COVID19 Pandemic
Air India has been contributing its best to ensure the safety of mankind under challenging times. The entire aviation industry is slowing getting back in the normal situation, and the growth prospects of the industry look promising in the future. The government is making the airline a commercially viable lean organisation to attract more buyers. Also, the government has already received a fair amount of interest. As the FDI has been fully approved in the Indian Aviation space, a combination of buyers have shown interest in the state-owned carrier Air India. The continuous efforts of the airline are also showing the capabilities of getting an attractive buyer in future.
