One more time the deadline has been extended by airlines after completing the process of divesting initiated on 27 January.
Now the Indian government has decided to extend the bid by two months till 30 October, as day by day COVID-19 patients are increasing in the country. The carrier of this is Air India limited. Due to the fallout in eh economy of the country this decision has been taken by the government. This time it is the fourth time the government is taking the same decision regarding Airline matter.
The Expression of Interest known as EoI for sale has taken set a deadline on Tuesday On Tuesday and the Department of Investment and Public Asset Management known as DIPAM said in a media that the deadline has been extended due to an increase in in in COVID-19 virus. During this conversation, they said that further changes will be made related to the important dates according to the bidders.
The first thing that the government invented was the expression of interest which is not related to the Air India Limited dated in January while the last date for the submission of the bid was 17 March which has been extended many times firstly it was extended to 30 June then to 31 August and now to 30 October.
All these dates related to this matter are announced by Qualified Interested Bidders which is commonly known as QIBs which has been extended from 14 September to 20 November as posted by DIPAM on their website.
As we all know that the COVID-19 pandemic has deadly affected the whole world’s economy through constants lockdowns associated by governments of the countries. The most affected zone is the aviation sector which has been affected deadly from this virus and leads to downfall in their economy.
As informed by International Air Transport IATA that in Asia-pacific countries which includes India also will post losses of $29 billion in the year 2020 which has affected all the aviation sectors due to this coronavirus pandemic.