Air India

/Tag: Air India

Modi’s bold move to press ahead with Air India sale

2020-08-20T05:48:33+00:00August 7th, 2020|Globally Speaking - India Global Business|

By pressing ahead at this time with the privatisation of Air India and announcing that Non Resident Indians will be allowed to bid for and buy 100 per cent of India’s ailing national carrier, Modi is proving himself to be unabashed about continuing to walk the talk on economic reforms, writes India Inc. Founder and CEO Manoj Ladwa.

Air India sale to boost Modi government’s reformist credentials

2020-05-11T03:24:16+00:00February 14th, 2020|2020, India Inc Views - India Global Business, Last Word, North America Edition – 14 Feb-27 Feb 2020, UK Edition – 14 Feb-27 Feb 2020|

India’s national carrier, which failed to find a buyer when it was put on the block two years ago, is once again in play. And this time, the Modi government has sweetened the deal by removing more than $4-billion debt from its books and offering to sell a 100 per cent stake. The last time the Maharajah, aka Air India, was up for sale, it found no takers. When the Narendra Modi government tried to sell a 76 per cent [...]

What ails the Indian civil aviation sector

2019-05-10T11:49:41+00:00May 8th, 2019|2019, Global Edition – April 2019, Home Page|

Indian airlines are growing the fastest in the world, but a majority of them are also losing money. A number of factors, such as the world’s highest aviation turbine fuel prices and problems with some aircraft brands, are challenges they need to overcome but there’s massive room for growth as a majority of Indians still consider flying very expensive. India’s oldest private sector airline, Jet Airways, downed shutters “temporarily” in April as lenders tried to find a white knight buyer [...]

The privatisation of Air India will test Modi’s reformist resolve

2020-04-03T11:33:35+00:00January 22nd, 2018|2018/2017, Final Word, India Investment Journal January Edition, Year|

The proposed privatisation of India’s state-owned carrier will prove a balancing act for the government. The proposed privatisation of Air India, the country’s flag carrier, will test both the Narendra Modi government’s resolve to push through politically contentious reforms as well as its ability to balance the need to make the sale attractive to private investors while warding off opposition charges that it was “nationalising losses and privatising profits”. It will be a litmus test of how much his government [...]