India government set on getting rid of Air India

[jan_olieslagers]

[ 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

[convair]

Distinguished member of Star Alliance!

Will LH Group take over?

[crew1990]

Indiawings?

[brabel]

Indiawings?

LOL!

[jan_olieslagers]

LOL indeed!!! or would it rather be CurryWings?

[sn26567]

[ in Dutch ]

https://www.vrt.be/vrtnws/nl/2018/03/29 ... -india-ko/

... or in English from a local source:

https://www.firstpost.com/business/air- ... 33667.html

... or the original article from Bloomberg:

https://www.bloomberg.com/news/articles ... india-sale

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

Add to that:
* 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.

[convair]

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.