Air India sale to be delayed as govt mulls extending last date for EOI

Bidders, who are communicating with the Indian government, say the bankruptcies announced by several airlines globally due to the travel ban to control the coronavirus pandemic have hit investor senti

The sale of Air India is expected to be delayed for a second time, with the Centre planning to extend the last date for expression of interest (EoI) from April 30 — for the second time — to a new date.
 

This comes even as potential bidders are having second thoughts about the airline, taking into account the changed economic environment. Bidders, who are communicating with the Indian government, say bankruptcies announced by several airlines globally due to the travel ban has hit investor sentiment hard.

“Airlines are now filing for bankruptcies on a daily basis and the new