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Post by stealthmanbob on Apr 20, 2019 12:04:55 GMT 1
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someone
in service - 1 year
Posts: 3,235
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Post by someone on Apr 21, 2019 15:22:13 GMT 1
Air India «always» have had big problems, and get bailed out by the Indian Government each time
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s543
in service - 2 years
Posts: 3,957 
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Post by s543 on Apr 22, 2019 14:07:40 GMT 1
Air India «always» have had big problems, and get bailed out by the Indian Government each time The qustion is if it will continue to happen in the future. I do believe the situation with airlines in India has changed dramatically. Air India is not a dominsnt player anymore. Is one of many (and by far not the biggest one) airlines operating in India. The state is trying to sell it for loooong time anbd it seems that there are no takers. The state gets it that they will not get what they did spent on the airline and they just might decide to get rid of it. Air India has by far the most employes/anything (planes, ASK, CASK, accumulated sales......) from probably all airlines around the globe. So as always we will see. It might be another Alitalia going bancrupt many times over and still flying  |
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Post by stealthmanbob on Apr 22, 2019 15:16:54 GMT 1
Air India are the dominant long haul Indian carrier, probably the only one left flying 😉
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philidor
in service - 6 years
Posts: 8,950
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Post by philidor on Apr 23, 2019 9:52:49 GMT 1
The state is trying to sell it for loooong time anbd it seems that there are no takers. Air India obviously has a negative value (= debts + expected costs to right its operation > equity). So, efforts to sell it as is are bound to fail. To sell it (or just to give it away, for that matter), the government would have to recapitalise the company first, thus incurring addditional losses and political criticism. You can understand that the government doesn't want to go that way, but it doesn't want to follow the alternative path either (bankruptcy followed by sale of assets and a huge haircut for all creditors, especially state banks). Air India is therefore stuck in a dead end, in permanent expectation of the next bailout. EDIT : what could offer a way out of the deadlock ? Perhaps, the emergence of a new full service carrier that would buy the Air India name ('New Air India') would allow the government to put the present flag carrier to sleep. |
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s543
in service - 2 years
Posts: 3,957
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Post by s543 on Apr 23, 2019 13:42:36 GMT 1
All understandable and agreed on - but of course the longer the government on repeated basis pays those, all the time increasing, debts and costs the more costly the whole operation on the end is going to be.
So logical would be to make the cut, count the losses - maybe help the banks and be done with it. But as we could observe here in EU it is most probably not going to happen and the current state will go on.
Similar to Alitalia - where it is even less logical.
At least here in Europe we can observe some cases where the "national carrier" went down or was sold, simply the cut was made. To remember just a few from last years, Swissair, Sabena, Malev, Czech Airlines ... there are for sure more.
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