Govt of India extends for for sale of Air India by 2 Months

Government of India has extended deadline for Sale of National Carrier Air India by 2 Months.

• Last date to submit the bid for Sale of Govt owned Airlines has been extended till March 31, 2021
• Aviation sector has been impacted heavily , due to impact of Covid 19 pandemic owing to lockdown of whole country as well as global lockdown.
• Govt. is expecting to receive the good valuation of the Indian National carrier and it expected to get the valuation of 2 Lakh Crores or around 3 Billion US dollors.
• Government of India has reduced the debt burden of Air India to around 23,200/- Crores from the levels of 56,000/- Crores for getting the valuation with regards to its peer carrier like Indigo, which is largest Airline of India having 40% market share.