Articles tagged “air india”

India’s Government Will Try Again to Sell Its National Airline

India’s Government Will Try Again to Sell Its National Airline

Shruti Srivastava and Vrishti Beniwal, Bloomberg

If at first you don't succeed ... try again, and again, and again. Unless someone out there is willing to take a risk, the Indian government looks like it will be stuck with the loss-making Air India.

1 week ago

How the Indian Government Could Successfully Sell Air India

How the Indian Government Could Successfully Sell Air India

Mihir Sharma, Bloomberg

On Friday the Indian government is considering having to infuse cash into Air India to give salaries to airline workers unpaid for the month of April. Hopefully, that will motivate the government to be more practical about how to sell the carrier. But we're doubtful.

2 weeks ago

Air India Fails to Lure Any Bidders as Modi’s Privatization Plan Stalls

Air India Fails to Lure Any Bidders as Modi’s Privatization Plan Stalls

Anurag Kotoky, Siddhartha Singh and Shruti Srivastava, Bloomberg

The sale of Air India was supposed to be a cornerstone of Prime Minister Modi's privatization effort. But nobody is interested. That's not great news for the airline and probably worse news for Modi's political future.

3 weeks ago

7 Headwinds Are Making Air India’s Sell-off a Bumpy Ride

7 Headwinds Are Making Air India’s Sell-off a Bumpy Ride

Anurag Kotoky, Bloomberg

India is not the first country that has politicized the sale of a state-owned airline. Still, it is to blame for a process that has created perverse incentives. Individual politicians can engage in risky one-upmanship of demands without being held accountable for blowing the best deal possible.

2 months ago

Air India Still Searching for a Savior as Potential Buyer Drops Out

Air India Still Searching for a Savior as Potential Buyer Drops Out

Anurag Kotoky, Bloomberg

Where does Air India go from here? The country's government is desperate to shift it off the books but the fact that a successful airline like IndiGo won't touch it, says a lot about the state of the company.

3 months ago

India Is Moving Ahead With Plan to Sell Its Flagship Airline

India Is Moving Ahead With Plan to Sell Its Flagship Airline

Anurag Kotoky, Bloomberg

IndiGo is already developing long-haul flights, and maybe, if it ends up buying this controlling stake in Air India, India's biggest airline will be in a stronger position despite the debt situation.

3 months ago

An Israel-Bound Commercial Flight Passes Through Saudi Airspace for First Time

An Israel-Bound Commercial Flight Passes Through Saudi Airspace for First Time

Jonathan Ferziger, Bloomberg

It's a win for Air India to shave two hours off a flight by going over Saudi Arabia, but will El Al be allowed the same opportunity?

3 months ago

Israel’s El Al Appeals to the UN as It Seeks to Fly Over Saudi Arabia

Israel’s El Al Appeals to the UN as It Seeks to Fly Over Saudi Arabia

Yaacov Benmeleh, Bloomberg

Global politics are a mess, right? It's a shame an Israeli airline can't fly over Saudi Arabia, but that's just the way it goes sometimes. Will the International Civil Aviation Organization step in and change the status quo?

4 months ago

Indian Government to Break Up Air India Ahead of Potential Sale

Indian Government to Break Up Air India Ahead of Potential Sale

Anurag Kotoky, Bloomberg

Prime Minister Narendra Modi is doing everything he can to make Air India as appealing as possible to potential investors. Stripping away some of the debt and breaking up the company may help persuade someone that it is worth the money.

5 months ago

Indian Government Woos Foreign Airlines to Invest in Air India

Indian Government Woos Foreign Airlines to Invest in Air India

Shruti Srivastava and Anurag Kotoky, Bloomberg

Indian Prime Minister Narendra Modi recently made progress in easing often daunting restrictions on investment. Foreign airlines can now buy up to 49 percent of Air India. But overseas investors may still ignore the struggling company.

5 months ago

Indian Government Offers Sweetener to Potential Air India Bidders

Indian Government Offers Sweetener to Potential Air India Bidders

Siddhartha Singh and Archana Chaudhary, Bloomberg

In such a high-growth aviation market it is pretty amazing that India's national carrier is still struggling. Merging the company with one of its low-cost competitors might just be the best way forward.

7 months ago

Air India Has $8 Billion in Debt and that Poses an Obstacle to Its Sale

Air India Has $8 Billion in Debt and that Poses an Obstacle to Its Sale

Anurag Kotoky, Bloomberg

The Indian government has agreed in principle to sell Air India. Yet we are skeptical officials can make a deal with the most likely buyer, budget carrier IndiGo, due to political considerations and the Air India's scary debt.

11 months ago