Air India Disinvestment Takes Off: 10 Things To Know

30 March, 2018, 00:36 | Author: Jason Torres
  • Centre plans to sell 76 pct stake in Air India

Air India, thankfully, has certain strengths - an operating fleet of 138 aircraft, an extensive network connecting around 54 domestic and 94 worldwide destinations (including through code share agreements with foreign carriers), prime landing/parking slots and, above all, brand equity - that serious industry players might want to leverage.

"However, we will keep our options open with respect to the proposed divestment of Air India, " The Singaporean carrier said in a statement.

"The balance debt shall be allocated to Air India Asset Holding Limited which is 100 per cent owned by the Government of India subject to receipt of requisite approvals from lenders and regulators, as applicable", the memorandum said.

The relevance of 24 per cent of the share is that it doesn't give the government right to veto decisions, said Bhargava. On Wednesday, the Civil Aviation Ministry came out with the preliminary information memorandum for seeking Expression of Interest (EoI) for the strategic disinvestment of Air India.

Air India was founded in the 1930s and is known to generations of Indians for its Maharajah mascot.

Mark Martin, CEO, Martin Consulting, feels strategically Air India makes an outstanding secret weapon for any legacy European airline which has a bone to pick with the Gulf carriers.

Trump Unusually Quiet As Rumors Swirl Around VA Chief Being Fired
Shulkin joins a long list of senior officials who have either resigned or been fired since Trump took office in January 2017. Shulkin had drawn fire for a damning report from the inspector general of the Department of Veterans Affairs .

As on December 1, 2017, the airline had 11,214 permanent employees and 2,913 on contract, among others. The national carrier has five subsidiaries, a joint venture and a combined workforce of as many as 27,000. Modi in January tweaked rules in January to include Air India which wasn't a part of those rules until then.

El Al is asking that the Air India flights be halted until Israeli airlines are also allowed to fly over Saudi Arabia.

The airline is under a massive debt burden of over Rs. 50,000 crore.

Meanwhile, Indian government planned to sell the stakes in Air India with the condition that the brand "Air India" will be retained and the control of the national-carrier will be with Indian nationals.

As tempting a proposition it is to own this 85-year old airline which was started JRD Tata, the risks associated with its purchase are equally high.

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