Tag: Air India Privatization
CAPA: Air India may shut down soon
Major aviation consultancy, Centre for Asia Pacific Aviation (CAPA) has urged the Central government to make the process of Air India Privatization investor-friendly otherwise it might soon shut down. CAPA, through its Twitter account said that “CAPA estimates AI headed for 2-year losses of USD1.5-2.0 bn in FY19/FY20. Failure to divest could see AI close unless govt willing to spend taxpayer funds. Far less costly to make offer more attractive to investors”. According to CAPA, the three key themes emerging on Air Indian divestment are: 1) Critical that terms in EOI – particularly for labour & debt – are amended, as ... Read more