This year, the government has had to postpone bidding for Air India four times on account of the pandemic. A fifth postponement looks imminent.
Ahead of that, the government has altered bidding conditions — the second change since the airline went on the block in 2018 — to allow prospective suitors to bid on the global norm of enterprise value. Will it alter the prospects for this ailing airline to find a buyer? Covid-19 has certainly taken its toll. In January, for instance, as the Tata group’s full-service airline Vistara, a 51-49 venture between Tata Sons and ...
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