[ in Dutch ]
https://www.vrt.be/vrtnws/nl/2018/03/29 ... -india-ko/
Some key elements:
* accumulated debt ~ 10 billion US$
* never made a profit since 2007, that's a full 10 years
* competitors eager to take over international operations like LHR and JFK
India government set on getting rid of Air India
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Re: India government set on getting rid of Air India
Distinguished member of Star Alliance!
Will LH Group take over?
Will LH Group take over?
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- Posts: 3059
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Re: India government set on getting rid of Air India
LOL indeed!!! or would it rather be CurryWings?
Re: India government set on getting rid of Air India
... or in English from a local source:jan_olieslagers wrote: ↑29 Mar 2018, 19:22 [ in Dutch ]
https://www.vrt.be/vrtnws/nl/2018/03/29 ... -india-ko/
https://www.firstpost.com/business/air- ... 33667.html
... or the original article from Bloomberg:
https://www.bloomberg.com/news/articles ... india-sale
Add to that:jan_olieslagers wrote: ↑29 Mar 2018, 19:22 Some key elements:
* accumulated debt ~ 10 billion US$
* never made a profit since 2007, that's a full 10 years
* competitors eager to take over international operations like LHR and JFK
* a bloated workforce of 27,0000
* a history of strikes
and you can guess how difficult it will be to sell the whole thing. Except if all the loss-making units are grouped in an unsaleable separate company.
André
ex Sabena #26567
ex Sabena #26567
Re: India government set on getting rid of Air India
Probably the new owner will not be interesred by the name!
So, maybe purchase of aircraft, some equipment, traffic rights and slots and hiring part of crews/workforce.
So, maybe purchase of aircraft, some equipment, traffic rights and slots and hiring part of crews/workforce.