Always has been! Govt can make this an asset sale followed by termination of surplus employees.
No buyers will want most of the employees except for some 777 pilots, engineering staff, and ground handling.
LOL, typical a.net spin quoting mathematically/statistically challenged Indian media reports.
29,000 is wrong even with all contract employees.
6E has more employees per plane than AI.
AI Groundhandling unit handles ~30,000 flights for foreign carries apart from ~76,000 AI flights. Also, AI ground handling employee probably makes $250/Month, lowest in the world. One-third of what ME3 pays.
AIESL has mx contracts with 30 foreign carriers.
If you can comprehend post #54, units with most employees are profitable and already have suitor(s). GoI can sell them today.
GoI, and it's consultants are appropriating every debt line item to 8 buckets, AIATSL, AIESL, AI(Dom+Int), AI Express, AI Regional, Pawan Hans, HCI, and SPV.
If AI took $$Millions of loan to train AI(Int) 787 pilots, and GoI tries to appropriate that debt and compounded interest to other units, they will show middle finger. Same with $$Millions to buy 787 simulators, $$Millions setup 787 IT infrastructure, list goes on and on.
So debt has to be shared between AI(Int) or Modi Friends Special Purpose Vehicle. As #54 shows, most of the debt is associated with 1,800 777/787 crew.
If the numbers are wrong, bidders will adjust accordingly. Bidders do not want the ground handling, so that will be another bidder.
How the GoI wants to allocate debt is irrelevant. This is an auction. If the conditions are stupid, no bid as per Air Asia.
Since the rebid, I'm not aware of anyone committing to bid.
As I posted before, the GoI must watch out for it's bond rating. It looks like we are about on track for February bid packages as per my OP post.
If my numbers are wrong on employees per aircraft, bidders will take on more debt. If too high, they will bid on what employees they accept.
Could this drag out longer? Sure. How many hospitals and schools does the GoI want to skip building? AI is sucking money. Since every group blames the others, end the finger pointing by splitting up the company and seeing what the bids are.
India has no need of Air India anymore from an airline perspective. If a bank bailout is needed, that is better than what I've been reading.
What I'm waiting for is India to get into a trade spat with... anyone. The subsidies of AI do not meet international law. It is time to end the charade. It is a corrupt and expensive charade.
The market abhors a vacuum. With a global widebody glut, new lift would be in place within six weeks. AI's 787s would soon fly with someone else. The NEOs too as well as not too much later the 77Ws.
If they cannot sell AI in February or March, it is time to schedule the shutdown. Say ground 10% of the aircraft per month. With Indigo, GoAir, SpiceJet, Jet/EY, Vistara, and AirAsia, India has grown up.
Seriously, Western, Eastern, PanAm, Northwest, USAir,
Continental, Virgin America, and numerous non-majors are gone. Since AI couldn't adapt, it it past time to pretend.
If you have an idea on how to cleave off a viable, no more subsidies AI, suggest it. The only viable way is to dump the problem on an existing corporation.
For the reason AI won't be given debt forgiveness is it would just be another Alitalia. It must be able to succeed or fail without the government being at fault.
You only have the first amendment with the 2nd. If you're not going to offend someone with what you say, you don't have the 1st.