Business

‘AI divestment less likely on second wave’

With the second wave of COVID-19 likely to exacerbate financial stress staring at the aviation sector, the chances of a successful disinvestment of Air India (AI) “may be less certain”, consultancy firm CAPA said.

“The government would need to at least have a Plan B ready,” it said in its report titled, “Key Trends in Indian Aviation in FY 2022: Impact of Second Wave”.

In January 2020, the Centre unveiled a fresh effort to sell 100% stake in AI, and later sweetened the deal, allowing suitors to decide how much of debt they would take on. The exercise is now at the financial bidding stage.

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Printable version | May 15, 2021 8:36:10 PM | https://www.thehindu.com/business/ai-divestment-less-likely-on-second-wave/article34474707.ece

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