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Next try:
NEW DELHI: The broad outline of a new revival plan for Air India is ready, the second such rescue bid in the state-run carrier’s recent history which includes a failed divestment effort earlier this year. The new strategy will involve the government transferring the airline’s working capital debt of about Rs 29,000 crore to a special purpose vehicle (SPV) known as Air India Assets Holding (AIAHL). That will more than halve the debt burden of the carrier, three officials told ET.This new .. |
Why don't they write off the entire debt and sell the airline? Only way anyone would buy it.
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No one will buy it even if debt free. The employees need to be moved into a bad co and then rehired on new terms. The bad co could get some of the debt and the real estate to pay off or retire the remaining employees. Air India has an atrociously high number of employees at very generous pay scales and benefits from pilot down to sweeper.
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Now they are doing a sale and leaseback on some widebodies to free son 850 million $ in cash...
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Originally Posted by oliver2002
(Post 30448236)
Now they are doing a sale and leaseback on some widebodies to free son 850 million $ in cash...
The govt. will try to ride it out till after the 2019 elections before announcing they'll be pumping more money into AI. Which honestly I'm fine with as a taxpayer. But it should come with real restructuring rather than just unconditional cash as is has been in the past. |
AI not paying salaries on time: https://economictimes.indiatimes.com...w/67425996.cms
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So now the debt is getting refinanced:
https://economictimes.indiatimes.com...w/67617621.cms https://economictimes.indiatimes.com...630/Master.jpg |
Originally Posted by oliver2002
(Post 30682995)
So now the debt is getting refinanced:
https://economictimes.indiatimes.com...w/67617621.cms https://economictimes.indiatimes.com...630/Master.jpg |
Originally Posted by vishalgupta22
(Post 30694933)
I feel great about my tax $ running the prestigious Indian National Carrier.
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Originally Posted by JamesKidd
(Post 30695311)
Are you paying taxes in India, if you're based out of BOS ? And if so, are you paying your taxes in $ ?
For the tax $, I apologize that I used it just coz I am used to the term tax dollars. |
Another EoI is in the works to privatise AI in 2020: https://economictimes.indiatimes.com...w/67810883.cms
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Originally Posted by oliver2002
(Post 30737812)
Another EoI is in the works to privatise AI in 2020: https://economictimes.indiatimes.com...w/67810883.cms
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"Going at the current pace, the EoI (expression of interest) for the sale of Air India will soon be out. Disinvestment of the airline is now a matter of months," said a senior government official. Meanwhile, the airline has put its expansion plan on hold in the wake of the disinvestment plan. It would not take any new aircraft on lease and network expansion would be done only by making more grounded aircraft operational. The mystery saga continues... :p |
Seems to me that the process to sell AI is serious this time around. The roadshows seem to have a tepid response though. (https://economictimes.indiatimes.com...w/72931261.cms). I am not sure if this is really the case.
I would love to hear nuanced views on why US based airlines esp. UA wouldn't be interested in buying AI out to get a foothold in the 3rd largest and seriously growing aviation market. |
Originally Posted by ameyam
(Post 31891636)
I would love to hear nuanced views on why US based airlines esp. UA wouldn't be interested in buying AI out to get a foothold in the 3rd largest and seriously growing aviation market.
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