Government of India is on a mission mode to sell the beleaguered national carrier in entirety.
group of Ministers set up to oversee the disinvestment of Air India, keen to complete the process before the end of the current financial year.
GOI is very keen to monetise the National carrier before the end of the current financial year, to meet its disinvestment target of nearly one lakh crore INR and busy preparing the RFP to be floated by this month end. given the muted response it got last time around, Ministry of disinvestment, DIPAM is very careful in its offering this time around to make the deal very appealing to the prospective bidders. with majority of the debt moved to the special purpose vehicle, the winning bidder may be less burdened post the acquisition. The rules have been framed to sweeten the deal more appealing to the global airline industry.
* with its national footprint and envious international routes, that hold huge potential of growth, Air India will be marquee asset for any aviation company in the world.
- Member of Star Alliance- a global league of major airlines, offering seamless connectivity across the world.
- Air India had one of the youngest long haul fleet of advanced dream liners, 777 ER planes to cover the globe from end to end.
- One of the largest Airline operating Direct Non Stop flights to US, Europe and Asia Pacific backed by its impeccable fleet of long haul aircraft.
- Operates 6 daily Non stop flights to USA from its two hubs of Mumbai and Delhi.
- Connects major European hubs like London, Frankfurt, Madrid, Paris, Stockholm and Rome Direct non stop from Mumbai and Delhi covering the entire spread of Indian diaspora.
going by the response, the global Roadshow garnered so far, 4 big global airlines have shown interest in acquiring the airline, provided the after sale peace is guaranteed by the government.
with global air travel expected to pick up in 2020 after a lull of 2019, one has to see how the GOI can seize the momentum in exiting the business largely being compensated by tax payers money.
(with agency inputs)