Air India Privatization
Dec 7, 2021, 3:20 am
#181
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On 244 cr outstanding dues from Govt bodies to AI. I thought it was more. Who places all these interesting queries in the RS and LS?
https://economictimes.indiatimes.com...w/88125712.cms
https://economictimes.indiatimes.com...w/88125712.cms
Dec 7, 2021, 3:53 am
#182
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Fred Reid, ex Delta and Virgin America, seems to be the designated CEO:
https://economictimes.indiatimes.com...w/88113053.cms
https://economictimes.indiatimes.com...w/88113053.cms
Let's see how long he lasts this time. He used to also be with Taj Hotels back when he was fresh out of school -- that's when Indira Gandhi was PM. He majored in South Asian studies at Berkeley from 68-73 and then went straight to India. So from Tata to Tata. What a cute story for his career cap to perhaps end where it began.
Last edited by GUWonder; Dec 7, 2021 at 4:01 am
Dec 7, 2021, 6:37 am
#183
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Holy cow, thats some kind of CV: https://www.linkedin.com/in/fred-reid-6437095/
That dude must be 75+?
That dude must be 75+?
Dec 7, 2021, 6:41 am
#184
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Holy cow, thats some kind of CV: https://www.linkedin.com/in/fred-reid-6437095/
That dude must be 75+?
That dude must be 75+?
Dec 13, 2021, 1:42 am
#185
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The new owners are already refinancing the debt at half the rate AI used to pay: https://economictimes.indiatimes.com...w/88247078.cms
Dec 13, 2021, 12:06 pm
#186
Join Date: Dec 2009
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The new owners are already refinancing the debt at half the rate AI used to pay: https://economictimes.indiatimes.com...w/88247078.cms
Dec 15, 2021, 10:16 am
#187
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Even absent the privatization, the airline would have been refinancing; and it likely would have come with lower financing costs too. And in this era where I'm being tossed personal offers for beaucoup bucks in unsecured personal loans at sub 6% rates on 3+ year loans, it doesn't take a whole lot for a legacy commercial enterprise to save some money by doing a refinancing. But this is Air India. 
And so if I were stuck with having to be a lender to an airline, I would rather lend to AI in the hands of Tata than in the hands of the Indian Government; and the lending terms would almost certainly end up reflecting that better lending risk profile of the company in the hands of Tata than in the hands of GoI.
And so if I were stuck with having to be a lender to an airline, I would rather lend to AI in the hands of Tata than in the hands of the Indian Government; and the lending terms would almost certainly end up reflecting that better lending risk profile of the company in the hands of Tata than in the hands of GoI.
Dec 21, 2021, 2:09 am
#188
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AI express to be merged with Air Asia India and keep the mixed fleet. Lovely, thats not how ULCC works guys...
https://economictimes.indiatimes.com...w/88401307.cms
https://economictimes.indiatimes.com...w/88401307.cms
Dec 21, 2021, 8:53 am
#189
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AI express to be merged with Air Asia India and keep the mixed fleet. Lovely, thats not how ULCC works guys...
https://economictimes.indiatimes.com...w/88401307.cms
https://economictimes.indiatimes.com...w/88401307.cms
Dec 22, 2021, 2:10 am
#190
Join Date: Jan 2021
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Most of AIE's fleet is leased so I'm guessing Tata will renegotiate/foreclose some of those agreements. I5's fleet on the other hand is about 50:50 and being Airbus A320s will integrate better with AI's fleet. From a strategy perspective it would appear to make the most sense to stick with AI's fleet division of Airbus narrowbodies and Boeing widebodies.
Dec 30, 2021, 11:50 pm
#191
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Crazy, the same lenders who only lent cash to AI at 9-10% are willing/bidding to lend Tatas the same at sovereign rates:
https://economictimes.indiatimes.com...w/88555556.cms
https://economictimes.indiatimes.com...w/88555556.cms
Dec 31, 2021, 10:15 pm
#192
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Crazy, the same lenders who only lent cash to AI at 9-10% are willing/bidding to lend Tatas the same at sovereign rates:
https://economictimes.indiatimes.com...w/88555556.cms
https://economictimes.indiatimes.com...w/88555556.cms
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Jan 1, 2022, 11:45 pm
#193
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Crazy, the same lenders who only lent cash to AI at 9-10% are willing/bidding to lend Tatas the same at sovereign rates:
https://economictimes.indiatimes.com...w/88555556.cms
https://economictimes.indiatimes.com...w/88555556.cms
Jan 7, 2022, 4:55 am
#194
Join Date: Jan 2021
Posts: 319
Delhi HC has thrown out a case challenging the privatisation of AI: https://indianexpress.com/article/in...tment-7710644/
Barring SC intervention (unlikely), the handover should conclude this month.
Barring SC intervention (unlikely), the handover should conclude this month.
Jan 10, 2022, 8:57 am
#195
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Crazy, the same lenders who only lent cash to AI at 9-10% are willing/bidding to lend Tatas the same at sovereign rates:
https://economictimes.indiatimes.com...w/88555556.cms
https://economictimes.indiatimes.com...w/88555556.cms
Well, when the lenders are ultimately back-stopped by state-owned banks, this really shouldn’t be a surprise, as they’ve done way crazier things before and some of that crazy continues.