|
maybe, just maybe, this is a way to donate inr 1 lac each to ensure air india dies....maybe all the employees want to see it die a clean death....i mean i would donate inr 1 lac if someone would guarantee me that would be the end of air india....
actually, who are we kidding????air india will continue to drain the tax payer dry for all of eternity & will never die.... |
Well, employee owned airlines have been there before. United 1993-2001 is a prime example. UAL deferred wage payments by issuing the employees stock instead. When the scheme ran out in the late 90s, the trouble began.
|
Originally Posted by Keyser
(Post 32860180)
maybe, just maybe, this is a way to donate inr 1 lac each to ensure air india dies....maybe all the employees want to see it die a clean death....i mean i would donate inr 1 lac if someone would guarantee me that would be the end of air india....
actually, who are we kidding????air india will continue to drain the tax payer dry for all of eternity & will never die.... |
Both pilot unions have advised their members not to take part in the employee buyout: https://economictimes.indiatimes.com...w/79578483.cms
|
The new owners will celebrate the buy-out at the newly reopened wonderful Centaur Hotel Delhi.
|
Originally Posted by UA Fan
(Post 32861137)
Hopefully India will wise up like some African countries and let AI die.
|
Originally Posted by oliver2002
(Post 32859663)
Its cannot get crazier... now a group of employees are proposing a management buyout... 51% owned by the employees, who contribute 1 lak each:
https://economictimes.indiatimes.com...w/79541712.cms 🤦♂️🤐 |
|
Originally Posted by oliver2002
(Post 32870581)
Which countries would that be? SAA was just lifted from the ashes.. again. All major African countries have their own airlines?
|
No more extension of bids :D
https://economictimes.indiatimes.com...w/79663641.cms Lets see how by how much they extend it this time! |
Originally Posted by oliver2002
(Post 32877936)
No more extension of bids :D
|
Looks like the deadline has just passed and only Tatas & AI employees + Interups put in bids.
For the Tata's it will be a massive conflict of interest juggling 2 full service carriers. I can't imagine SQ will be pleased about this or be keen to merge UK with AI. So it will be interesting to see the repercussions of this harakiri mission that the Tatas seem to be on. Hard to take the Interups & AI bid seriously since I think only 200 or so AI employees have signed up for it. Among a million other reasons including AI not being able to come up with the capital to get 51% stake. Still strange things have happened with the Jalans & Kalrock Group and 9W. Maybe we should start a betting pool on the outcome! :D |
Originally Posted by PiperAtGatesofDawn
(Post 32885473)
For the Tata's it will be a massive conflict of interest juggling 2 full service carriers. I can't imagine SQ will be pleased about this or be keen to merge UK with AI. So it will be interesting to see the repercussions of this harakiri mission that the Tatas seem to be on.
“Our group chairman has clearly stated that the airline businesses have to be consolidated and there cannot be multiple airlines,” said one of the persons cited above. “Air India being a full-service carrier, it is only sensible that the business come under Vistara, which is a full-service carrier too. We are hopeful that our partner will be willing to participate in future plans that include Air India.” Integrating AI with UK? Good luck...🤦♂️ |
Originally Posted by oliver2002
(Post 32886755)
Tatas have already indicated that they won't operate two competing full service carriers if they win the bid, the airlines will be merged.
https://economictimes.indiatimes.com...w/79712411.cms Integrating AI with UK? Good luck...🤦♂️ |
Originally Posted by galaticos
(Post 32886799)
Seems they have bid through AirAsia India and not UK..
|
| All times are GMT -6. The time now is 9:06 am. |
This site is owned, operated, and maintained by MH Sub I, LLC dba Internet Brands. Copyright © 2026 MH Sub I, LLC dba Internet Brands. All rights reserved. Designated trademarks are the property of their respective owners.