India’s aviation could be compared to a rollercoaster ride in 2019. The shutting down of the former Indian full-service carrier, Jet Airways, the slipping down of air passenger traffic, the controversial usage of the faulty Pratt and Whitney engines by Indian low-cost carriers were some of the events that have surfaced.
Although, there are some silver linings, including a robust global expansion by home-grown airlines such as Indigo, Spicejet and Vistara; and the foraying of international airlines like KLM Royal Dutch Airlines, Azerbaijan Airlines, Scoot and Ethiopian Airlines into Indian sectors.
Given the highs and lows of Indian aviation, here is a low-down of events that could take place in the close future.
Air India, which started as Tata Airlines in 1932 and later became state-owned, hasn’t made a profit since its 2007 merger with state-owned domestic operator Indian Airlines. The international carrier is burdened with $11 billion in debt.
According to a recent news report in the Times of India, Finance Minister Nirmala Sitharaman said the government would wrap up the sale of Air India along with Bharat Petroleum Corporation Limited (BPCL) by March 2020. The strategic disinvestment of the two state-run companies is critical for the government to meet its disinvestment target of ?1 trillion for the current fiscal year.
03/01/20 Sanchita Nambiar/Business Traveller
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Although, there are some silver linings, including a robust global expansion by home-grown airlines such as Indigo, Spicejet and Vistara; and the foraying of international airlines like KLM Royal Dutch Airlines, Azerbaijan Airlines, Scoot and Ethiopian Airlines into Indian sectors.
Given the highs and lows of Indian aviation, here is a low-down of events that could take place in the close future.
Air India, which started as Tata Airlines in 1932 and later became state-owned, hasn’t made a profit since its 2007 merger with state-owned domestic operator Indian Airlines. The international carrier is burdened with $11 billion in debt.
According to a recent news report in the Times of India, Finance Minister Nirmala Sitharaman said the government would wrap up the sale of Air India along with Bharat Petroleum Corporation Limited (BPCL) by March 2020. The strategic disinvestment of the two state-run companies is critical for the government to meet its disinvestment target of ?1 trillion for the current fiscal year.
03/01/20 Sanchita Nambiar/Business Traveller
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