was known then) on an exchange ratio of 1:15. Sinha said the government will examine what International Air Transport Association guidelines are for an airline to remain a flag carrier of a country. The first step in this direction is with the sale of its prime asset, the iconic Air. And why on earth disinvestment should as a rule be strategic alone,.e. The Air, india initiative is welcome and could well be the harbinger of things to come both for Air. Several confidential discussions with other interested bidders of Air, india have also been held by Sinha. The regional arm (Alliance Air ground-handling business (aiatsl) and engineering operations (aiesl) will be sold separately in the same process. This essentially means two things: the government may be reluctant to exit Air, india completely and at least some of the unsustainable debt will be retained by the government. A large part of the blame is on the way the national carrier was operated during 2005-07 when an aircraft acquisition plan of Rs 50,000 crore.
But since the minister described Air, india s sale as the largest strategic disinvestment ever undertaken, it is clear that the government is expecting a substantial sum from the sale of the airline and its subsidiaries. The noble intention behind such dogmatic insistence is of course protection of existing employees. New Delhi: The government is committed to the strategic disinvestment of Air, india, Union Minister Jayant Sinha said on Wednesday.
Let there be no misunderstanding that we are going slow on disinvestments. India board and the situation was reviewed after the proposed strategic stake sale of the national carrier failed to attract any bidders last month. Third, it allows non-flying part of the business to also get distinct valuation and possibly a good set of buyers. This enables any potential buyer to assess the merits of buying the airline operations vis-vis the enterprise value of the airline and any amount it would be expected to pay upfront to the government for buying this business out. Air, india and the civil aviation ministry was exploring all possible options for the ailing state-run airline. You can use them at you own risk following the citation rules below. But the plans fell through gerardus Mercators Life Works on Cartography and Air, india continued as a state-run entity.