India’s air bubble agreement with the U.S. has given a fillip to 16-hour non-stop flights between the two nations. Air India has taken a lead, but questions remain about its continuity.
The Tata group has evinced interest in buying Air India, even as it already owns loss-making airlines AirAsia India and Vistara. Despite its deep pockets, turning around Air India may not come easy.
In another attempt to sweeten the deal for buyers interested in Air India, the government has amended the FDI policy on investment in the flag carrier.
While the government has made various concessions for buyers interested in Air India, analysts still remain sceptical on the sale of India’s flag carrier, given the many riders that come with it.
