Without buyer, Air India might be forced to shut down in six months: Airline official

[bhaigan]

Struggling Air India might be forced to shut down by June next year unless it finds a buyer as "piecemeal" arrangements cannot be sustained for long, according to a senior airline official. Amid continuing uncertainty over the fate of the national carrier, the official said there is also need for funds to restart operations of 12 grounded narrow-body planes.

The airline has a debt burden of around Rs 60,000 crore and the government is still working on the modalities for the disinvestment.

Sounding alarm bells, the official said Air India might well go Jet Airways NSE 4.99 % way if a prospective buyer does not come on board by June next year.

With government leaving the debt-ridden airline to fend for itself by refusing to inject funds any more amid its privatisation plans, the airline is "some how" keeping it afloat with peace meal arrangements, which are unlikely to sustain for long, the official said.
 

 

 

[Tellugodu]

1 minute ago, bhaigan said:

Struggling Air India might be forced to shut down by June next year unless it finds a buyer as "piecemeal" arrangements cannot be sustained for long, according to a senior airline official. Amid continuing uncertainty over the fate of the national carrier, the official said there is also need for funds to restart operations of 12 grounded narrow-body planes.

The airline has a debt burden of around Rs 60,000 crore and the government is still working on the modalities for the disinvestment.

Sounding alarm bells, the official said Air India might well go Jet Airways NSE 4.99 % way if a prospective buyer does not come on board by June next year.

With government leaving the debt-ridden airline to fend for itself by refusing to inject funds any more amid its privatisation plans, the airline is "some how" keeping it afloat with peace meal arrangements, which are unlikely to sustain for long, the official said.
 

 

 

Good for tax payers. No need to further sink money on this white elephant.

[cosmopolitan]

white elephant

[cosmopolitan]

business class kuda worst.. entertainment system pani cheyavu.. inka chaala issue unayi..

[bhaigan]

Just now, cosmopolitan said:

white elephant

yes white elephant

[jefferson1]

Govt not helping ?

[AndhraneedSCS]

Jet Airways Ayipoyindi

Next Air India 

 

Who are all the players in this field?

 

We want Ambani in this field and revolutionize Air Travel for @public

[kittaya]

9 minutes ago, jefferson1 said:

Govt not helping ?

govt only making it down know... 

preplanned murder knoww 

use only foreign flightsssss 

==============================================

Indian branded anni kill cheyyatame mana govt lakshyam...... hindusthan motors kills chesi mana cars ni minga bettaru

[alpachinao]

9 minutes ago, kittaya said:

govt only making it down know... 

preplanned murder knoww 

use only foreign flightsssss 

==============================================

Indian branded anni kill cheyyatame mana govt lakshyam...... hindusthan motors kills chesi mana cars ni minga bettaru

Idi govt company evadu cheppadu

[Kool_SRG]

23 minutes ago, jefferson1 said:

Govt not helping ?

Not interested... 

[futureofandhra]

Supposed to be profitable what an unfortunate situation

Sg airlines was best

Learn from Singapore

[jefferson1]

19 minutes ago, kittaya said:

govt only making it down know... 

preplanned murder knoww 

use only foreign flightsssss 

==============================================

Indian branded anni kill cheyyatame mana govt lakshyam...... hindusthan motors kills chesi mana cars ni minga bettaru

Air India Govt owned or private ?

 

[alpachinao]

4 minutes ago, jefferson1 said:

Air India Govt owned or private ?

 

Before 1950 private then nationalized under ministry of civil aviation

[kittaya]

4 hours ago, alpachinao said:

Idi govt company evadu cheppadu

I am talking Abt our brands... 

[kittaya]

4 hours ago, jefferson1 said:

Air India Govt owned or private ?

 

Whoever it is owned... But the slots of the day are sold in auction ... 

To get a spot in the airport and to get passengers depends on the time slot... Which is auctioned and sold to air companies...

There are some time slots which producess high revenue and some slots cannot generate the minimum amount.... 

Most of our air India planes are run in awkward time slots ..