Indian Government to sell 76 % stake in Air India

Real World Aviation
#1

https://economictimes.indiatimes.com/industry/transportation/airlines-/-aviation/government-calls-out-bids-to-sale-76-per-cent-stake-in-air-india/articleshow/63517638.cms

My Words: Air India is going to private hands (both good because that means mostly better service and bad considering that many private companies have increased prices for profit)
Bidding companies should be worth 5000 Crores INR (0.767 Billion USD), which means all Indian domestic carriers are ineligible (IndiGo is worth 3800 Crores INR (0.58 Billion USD))

From the Article: Air India has a total debt of Rs 52,000 crore, of which about Rs 33,000 crore is on account of working capital loans, which will be transferred to the SPV. IndiGo and an unnamed international carrier have officially expressed interest in bidding for Air India. Jet Airways and the Tata Group are also likely bidders but have not made public any such plans. The government intends to complete the sale of Air India by the end of 2018 and expressions of interest are likely to be sought in a few weeks.

So, what do you think? What are your opinions on this?

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#2

Great decision. Waiting to see who bids the highest.

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#3

Got another source with more info:

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#4

It was only a matter of time. I hope they go to a good private owner that has the means to get the airline back on its feet again. Air India is in desperate need of a re-think. Their planes are dirty, smelly and the service is bad. I have only flown with them once, never doing it again. However I do hope that they become better because an airline like Air India has the potential to be a great one.

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#5

The government of India are too corrupt to successfully run a business. They put Air India into the ground, it needs a lot of work to get it to a decent standard again.

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#6

Yeah, the only good thing (good compared with other government services) is the Indian Railways.

#7

The question is who wants to buy an airline that has been so badly damaged by the government.

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#8

Speaking of Air India, a bomb threat has been received by AI.

#9

Maybe me if I was Jeff Bezos or Elon Musk.

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#10

If been on Air India. Bad service. Bad planes. Their pilots r good

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#11

India’s privat airlines r good. Like Jet Airways, Indigo, Spice Jet. Indigo should buy it

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#12

Yes, but the problem is that IndiGo is worth USD 0.58 Billion but a bidder should be worth at least 0.767 Billion (notice the 767 part?)

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#13

Why do I feel that Qatar/Etihad/Emirates might buy the 76%?

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#14

It seems this is the only way to save the airline…

Wait, did politicians just make a good decision!?🤯

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#16

This will be a new era for Air India for sure

#17

If only Air Berlin was government owned… 😪

#18

To be honest all governments are either too corrupt or just incompetent to run an airline.

I’m excited to see what the future of AI looks like.

#19

Update: Air India might have to shut down if the divestment process fails. (the news is actually from IANS and accessing it needs an account. I got this directly from MSN)

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#20

Qatar have long been looking at options in India, and It would make sense for them to take the Air India Infrastructure to accelerate their plans.

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#21

I’d really like to see Vistara become the National Airline. It’s livery is certainly very pretty!

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