Air India flop sale. Can't sell or won't sell?
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- Опубликовано: 24 ноя 2024
- #AirIndia needs 15 crore a day just to survive, yet the government refuses to listen to what the buyers want. It's not as if they didn't get any interest, no; tens were interested but none bid. Why? See this funny and insightful video to understand why the sale failed. And be sure to hear the limerick at the end.
Sources:
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Pallavi Pengonda, Mobis Philipose, Rhik Kundu; Mint; March 24, 30, April 12, 13, June 1, 2018
Asit Ranjan Mishra, Gireesh Chandra Prasad; Mint; Mar 30, June 6, 19, 2018
Santosh Attari; Mint; June 12, 2018
Sundeep Khanna; Mint; June 6, 2018
Saurabh Sinha; TImes of India; March 29, June 1, 2018
Mihir Mishra, Dheeraj Tiwari, Vasundha Venugopal; Economic Times; April 12, June 4, 2018
Anuvab Pal; Economic Times; June 7, 2018
GR Gopinath; Economic Times; April 12, 2018
Satish Nandgaonkar; Mumbai Mirror; June 5, 2018
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Bisbo's Limerick:
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Don't forget to watch Bisbo's Limerick at the end of each video, that neatly sums up the topic.
The government as partner is not a dish that sells
Just that one condition sets off alarm bells
Why do they insist
Put a condition in their list
Just sell the damn thing, what the bloody hell!
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@GoBisbo
This airline is used by it's employees and ministers to take annual foreign holidays on regular basis on taxpayers money... U think they have any intention of letting that luxury go?
Love you Bisbo!! You are what India needs, I hope you don't underestimate your credibility and influence. Let your audience know if you have any issues and I'm sure a lot of will be willling to help!!
Yes agree!
I am teaching a class of 190 MBA students through this channel videos ...its soo good explanation of each an every crisis
Now sold to Tata.
Love your strong Indian accent....And loved your limerick...."just sell the damn thing,what the bloody hell!!....I can sense a huge frustration
Now tata sons have won the bid
Man ur channel has grown a lot I was been one of the first few subs and I've seen all ur vids keep up ur good one and one suggestion pls don't change the animation style
Thanks a lot Suteerth...keep watching
Subscribed to this when it has a couple of hundred subscribers.53K now Go Bisbo!Go!
Wow who makes the Limericks
Thanks Daniel. I do them!
I traveled with Air India form New York to New Delhi and from New Delhi to Hyderabad, the airlines is not that bad at all, reached my expectation levels.
I traveled in air india business class and Singapore airlines business class both to zurich( Singapore one was via Singapore ) air india was nothing compared to it
You videos always gives me the wide range of information and specially when you include examples....only question is that the statistical data that you've shown must be true becoz I'm not cross checking it...?? So.is it true..?? I only watch your videos and follow it...
Very good bro whoever you are...keep it up😊👌👌👌👍👍👍👍🤘
Thanks Rajat. In the video description we give all the sources of our data and info. Often we find discrepancies in newspaper reports on correct data. Sometimes even the same group newspaper will report different data and it is not uncommon to find even the same newspaper giving contrasting figures on different days! In case of a discrepancy, we try to work backwards and see which is a closer match. In case we can’t then we take the one that “appears” to be correct.
forget about the error !! I ve watched some if your other videos too. They were awesome. Good amount of knowledge i ve gained. U guys have some stuff !! Keep doing guys...I feel instead of watching dumb videos. This is some kind of knowledgeable
Who will compensate 355 crores used in foreign trips by our beloved PM Mr. Modi.
Lol...simply India’s tax payers
Right pm shld pay the AMT of his foreign spending
Stfu peasant, he is the PM of India and needs to travel often
No private player would be stupid enough to buy Air India if it cannot trim the present work force.
Air India cannot be sold India needs a flag carrier.... It can engane in stale sales but we need Air India as such.
Why to sell ...there are ways to overcome the problem ....stop providing food ...change the air hostesses bring young girl ..follow private sector payment policy ...cut off the no of employees for time being..pay the bill of fuel for some time...provide good facilities ...behave nicely WID people...B's u vil come out of it
Being a government organisation they won’t do these things
Well dey dun provide food as such, only a sandwich and a 10rs tetra pack drink. New staff has been inducted but still, its short on staff. Main issue is bad policies. God knows if funds released for revival, even reached resp departments or not.
Also the debt is so huge that even if they make profit a huge huge portion goes paying off these debts.and much more thats getting piled up...so they are stuck with nothing no matter how they do... remember it's a govt body and it's regourisly sick and beyond treatment no body will come frwd atleast to pay off these debts...to overcome their current status only way is to bring more aircraft s but it's been a long time I heard of any orders from air India ...the private players like indigo jet and others are ruling indian skies...only way is they have to easen up the terms and conditions for selling as mentioned in the video apart from that no other chance of survival
Is it just ministers who are misusing it? All Central Government employees(above a certain level)are given free holidays every year through Air India.
Your videos are great!
Very educative and with a helpful perspective.
Well one thing i wud lik to point out.. bisbo has not informed how it went into loss making from making profits
Countrys asset? Air India is a liability!!! I love this Chanel but try being neutral atleast!
Yeah... always try to create story like south indian movies some r all click bait vid just for views shame on u....
4:32 , supposed pilots have an anchor on the caps lol
Oops
haha, great videos mate :) . Loved the simplicity. Also, like dthe fact that you've put references
Thanks Ankit. We want to build credibility so have begun to put sources.
good points but since Air India is a strategic asset and "operates" as the national airlines complete stake sale maybe tricky. India does not have any domestic airlines which caters to all locations. Remember the bilateral rights and slots it receives is also partly due to its govt. ownership. But a good point is maybe there is pretender discussion where parties which show interest can be invited and discuss everything particularly post sale relations with the govt. For this then the govt. has to be set up and independent panel or commission which can handle the process and has both experts and policy makers like civil aviation minister, secretary, air experts, and independent evaluation experts. Then the govt. can set the bidding terms. Govt. retaining ownership rules out outright sales and merger. The listing requirement part is worthless because it adds no value to the stake sale. But an owner who is invited for purchase has to show long term commitment hence resale and merger is tricky. Debt waiver, restructuring has to be allowed, i.e. no operational interference by govt. I do not know if the engineering and maintenance division is as valuable as the video claims. But yes the non aircraft fixed assets such as hotels, real estate, paintings, will be very valuable. So a separate sale or a fixed value maybe obtained for them.
One thing they should do is sell of 20 planes and try to repay some of the debt. For the next few years don’t buy any new planes and stop serving food. Fire unneeded employees. Keep doing this until you don’t repay the debt, and then you Can start saving money and only buy planes when you really have a huge demand. This is what I think would maybe help.
wishful thinking but hope Cairn is able to seize all AI planes by court order abroad and we can all heave a sigh of relief that 2 issues got resolved in one go...
I don’t think selling Air India totally is a good idea. If Air India is sold, the ticket prices would become extremely high for fliers. That’s the problem that Indian expatriates face during certain time periods, and Air India is the only airline to help them while other airlines’ ticket prices are literally sky-high. I am a huge fan of privatization of other industries, but I don’t think privatizing Air India would be helpful to anyone. What Air India should do is restructure the airline like Ethiopian, Birman Bangladesh, or even the previously failing Malaysia airlines after their double aircraft incidents.
Awsm video bisbo very remarkable news.
Thanks Rajat
Airline which is not Aatmanirbhar
This is now outdated information. 😂
What can Govt' do ??
On one hand everyone's blames Govt' for employees layoffs (which is the reason for Air-Indias loss) & on the other hand when Govt' said the buyer have to keep the jobs then Ppl blame for not finding buyers !!
Really.....Ppl need to retrospect their hypocrisy.
Agreed Dash bit of a Catch 22 situation here. But the options is between saving some jobs vs saving no jobs.
Air India is the best airline in India for a lot of reasons , buying the airline would have been best bet ! But the terms of the sale were shitty
Air Transport ministry wouldn't wish to sell the only thing that keeps it relevant..
Country where politician's have the power above all this things are meant to happen if they keep interfering!
Intro rocks🤣🤣
What a mis management and a waste of our tax payers money
Yes Promodh. Terrible waste
Ikr desh ka paisa ko barbad kar raha hai.
Bro, Your videos are fantastic.
Ugh Air India is anyways a pain in the ass,shit airline.
Just Freakin sell it and make either Jet Airways or Vistara or Indigo the national airline of India!
Thank God SQ is not like this.
From being a country of poor fishermen and old broken ports,
To having the best airport,best port,best airline,best city,best everything!
Singapore has come a Long way
Had India followed the same tracks,things would have been different.
India was backward,is backward and will remain backward until some severe change is brought in the next few decades.
I can tell you if no certain change is brought the Indian government will collapse.
PROUD TO BE SINGAPOREAN.
Brilliant Topic again Bisbo
**OSCAR AWARD FOR THE BEST TOPIC SELECTION(RUclips) GOES TO THE CHANNEL OF BISBO!!!**
☝️Hope this happens some day☝️
Thanks Arghya. Wow great praise. Thanks
Anytime for you Bisbo!
I agree.
Your awesome man...
Thanks Arsh
this airline has to shut down. whichever airline acquires it, they need to get the planes refurbished
Nirav Modi stole 35k crore. Air India needs 33k crore. you know what i mean
35000 crore belongs to the banks, Not govt
It’s revenues increased after joining star alliance
🎥 kick ass
Just reduce the oil price most airlines in india will start doing good
Its an easiest way to understand
Thanks Uves
@@BisboWorld always appreciated
Wow 😲
Govt agar AI free mein beche tabh bhi koi nahi kharidega 😂😂😂
mei kharidke bech deta.
Bech do , tax ka paisa jal raha
Bisbo make more videos on aviation
Air India:
2+2=0
10+1=0
999,999,999,999,999,999,999x100,000,000,000=0
I am big fan of bisbo
Thanks Shashi
Employees numbers are wrong.
Indigo airlines ok bech dena chaiye air India ko.
All your topic are interesting plz make them in local languages I'll like to hear in Telugu language plz
pathetic service & high prices
Mode oru KOODHI
Bhai issme awaz kiski hai
Awaaz bisbo ki hi hai Vaibhavi...
Bhai bisbo hai kaun
Auto industry, Banking industry, Airline industry etc... all Fail by Modi & his party. Totally pathetic in Financial Governance of the country and its assets. But on Propaganda industry they are very good.
The auto and airline industry was doomed from about 2008. Modi wasn't ruling in 2008
Bsnl not Vsnl
VSNL not bsnl. Thoda jaankari kijiye
Are you sick? You don't seem to be well. Any problems?
Why what’s the matter?
Bisbo you sound really weak to me l. Don't worry it is just my ahhhh what you say ha! Opinion maybe?
Ok. Protein shake before next voiceover!
Bisbo lol!
30th cpmment
First!!!
haha, 339 th view and 20 th comment.
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