It seems tax-payers will continue to be responsible for bulk of #AirIndia debt even after #privatisation. AI had total debt of around Rs 62,300 cr FY20-end of which only Rs 15,300 cr is being taken over by Tatas. Rest will be the liability of us #taxpayers.
#airindiadisinvestment
#airindiadisinvestment
So in effect Tata Sons is getting aircrafts worth Rs around Rs 32,000 crore for Rs 18,000 crore. This is over and above landing & parking slots and the #AirIndia brand. This must be one of the best deal for Tata Sons ever.
#airindiadisinvestment
#airindiadisinvestment
Less than 2% of #AirIndia net losses in last 10-years were from operations. Rest were due to interest on debt and depreciation for its aircrafts. Ex these, Air India was profitable in FY20 and reported cumulative operating loss of only Rs 917 cr since FY11
#airindiadisinvestment
#airindiadisinvestment
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