Now that the Air India sale process has come a cropper, and the government is reportedly looking at listing Air India (AI) in order to make it a truly independent company, the obvious question is who will buy it? As per the plan, once the government stake in Air India falls to below 50%, an independent board and a brand-new team can be appointed to fly the airline into profitability—once the stake is below 50%,

Every other day, there are reports that the government is tweaking the Air India sale terms in order to make it attractive for buyers.

However, in doing so, the government essentially appears to be treating the symptoms and not the disease. The main problem with the Air India sale is that nobody will be willing to buy it in its current form.

The government is considering revising the terms of sale for Air India, including offering a 100 per cent stake, after its latest attempt to sell 76 per cent of the debt-ridden airline failed to draw even a single bid.

Transaction advisor EY has cited the clause of the government holding a minority stake in the state carrier as the biggest reason for the failed disinvestment bid.

The Congress slammed the Narendra Modi government for mismanaging’ the economy which slowed down the GDP growth and led to rampant unemployment.

The party blamed the government for “allowing” Nirav Modi and Mehul Chosky, the main accused in the Rs 143 billion Punjab National Bank scam, to flee the country. It also hit out at the government for its “confused” policy on Air India disinvestment.

If you are flying Air India, be extra cautious while packing those suitcases. Because from today, June 11, you have to shell out more for extra baggage while flying with the national carrier.

Air India has hiked the charges for extra luggage from Rs 400 to Rs 500. However, these revise changes will not be applicable in Air India's regional arm, Alliance Air.

Cash-crunched Air India, which delayed salaries for three months in a row, has sought an additional funding of around Rs 2,000 crore from the government to tide over the situation, a senior company official said.

The airline is expecting these funds next month when the government moves the first batch of Supplementary Demands for Grants for 2018-19 in the Monsoon session of Parliament, the official said.

State-run Air India on Wednesday said it has revised the excess baggage charges by Rs 100 per kg to Rs 500 for domestic travels from June 11.

As of now, the airline charges Rs 400 per kg for excess baggage.

When Narendra Modi took office as India's prime minister just over four years ago, a top priority for the economic reformers who had supported his candidacy was the privatization of India's incredibly inefficient public sector. Among their biggest targets was the state-run airline, Air India -- a clunky, loss-making behemoth that has long been rendered irrelevant by buzzy domestic competitors. I would personally have cheered that outcome:

After the first attempt at selling state-owned Air India to private entities failed as the expressions of interest (EoIs) called for by the government received zero bids, aviation research and consultancy firm Capa (India) says the government should divest 100% equity in the airline and not retain a 24% share in the ailing airline.

What went wrong? Who messed it up? The day after Air India disinvestment failed to take off, government officials across ministries and departments spent hours trying to find an answer to these questions. Many of those spearheading the sale put the blame on the dealmakers and advisors for failing to attract potential bidders, others pointed at the industry for the fiasco.

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