With airline valuations having corrected further, bidders need to factor in far higher levels of operational improvement to justify even a nominal bid for the asset. It’s little wonder everyone has stayed away from this flight. The all-important question now is, as Adam Smith Institute’s Tim Worstall suggested in Forbes a year ago, “If no one wants to buy Air India, should Air India exist?”
D’ye think they’ll accept a bid of 1 Rs? be possible to strip some assets, no?