monopoly airline

Only the Brave Will Take On Air India, Says Billionaire

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Indian billionaire Anand Mahindra said he was not brave enough to take on debt-laden Air India after the government said it would privatise the ailing national carrier. Air India, known as the “Maharaja of the Skies” for its turbaned mascot, is reeling under 520 billion rupees ($8 billion) in debt which clouded the government announcement … Read more

India Approves Plan To Sell Stake In State-Owned Air India

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India’s cabinet approved Wednesday plans to sell a stake in state-run Air India as the debt-saddled carrier struggles to compete with low-cost rivals in one of the world’s fastest-growing airline markets. “A civil aviation ministry proposal was received by the cabinet which was given an in principle approval for the disinvestment of Air India,” finance … Read more