Prime Minister Narendra Modi is considering privatizing Air India Ltd., the beleaguered flag carrier saddled with debt of $7.7 billion and surviving on a taxpayer bailout.
Options include asking the potential buyer to absorb loans of about 200 billion rupees ($3.1 billion) linked to aircraft purchases and disposing of the carrier’s real-estate and other non-core assets worth about $3 billion before the sale, a person with direct knowledge of the matter said this week, asking not to ..
As the Indian government is increasingly showing signs that it is prepared to cut its losses and sell the money-losing carrier, the question is whether Air India is attractive enough for any investor. The five charts below show what the airline brings to the table.
02/06/17 Bloomberg/Economic Times
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Options include asking the potential buyer to absorb loans of about 200 billion rupees ($3.1 billion) linked to aircraft purchases and disposing of the carrier’s real-estate and other non-core assets worth about $3 billion before the sale, a person with direct knowledge of the matter said this week, asking not to ..
As the Indian government is increasingly showing signs that it is prepared to cut its losses and sell the money-losing carrier, the question is whether Air India is attractive enough for any investor. The five charts below show what the airline brings to the table.
02/06/17 Bloomberg/Economic Times
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