Isn't the 13% AI market share also due to PP's policy of deliberately hobbling AI to favour private carriers ? AI had no freedom to dynamically set its prices and was always outpriced by the private players.
The airline and service suck but the food is still the best.No other airline serves mini vada,mini idli and mini desa/uthappam with chutney and sambar in the same meal.How much is Air India really worth? Investment bankers weigh in
To turn around an old legacy airline that has never made a profit is a challenging job even for the smartest owners… unless given a free hand to make changes, the airline is untouchable,” says Nirmalya Kumar, a former senior executive with the Tatas and now a professor at Singapore Management University and INSEAD Emerging Markets Institute.
While NITI Aayog is taking the lead, says an investment banker who has started doing the rounds of government offices to get a sense of what the government wants, the Department of Investment and Public Asset Management (DIPAM) is still wearing the protectionist hat. There is no dearth of opinions on Air India.
Air India is not listed and has not published its annual report for the last two financial years.
I thought it was mandatory for PSU's to publish annual reports.
The debt on the books is another story — or may be the real one — taken on to acquire planes, often carrying a sovereign guarantee from the Government of India. If privatised, the guarantees will have to be replaced with bank guarantees. Bhasin of Ambit estimates that at least half of the debt or around Rs. 25,000 crore is working capital-related, so the government will have to find a way of retiring the remaining debt off its books.
Among the subsidiaries, there are highly profitable ones like Air India Express. Also, Air India enjoys a near-monopoly in ground handling as Indian rules allow only three players in each airport and AI is one among the three in every airport in India.
there is so much disconnect between the lean and low-cost, single aircraft operations of Indigo and Air India’s configuration that the Indigo stock tanked 6% on June 30, after it announced its interest. Indigo promoters did an analyst call on Thursday to allay fears.