SQ/TATA mulls bid for Air India (AI)

moa999 said:
Not sure if the Sin Govt would be keen on SQ using bail-out cash to invest elsewhere.
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I would have thought it likely that with SQ's relationship with the Singapore Government that any such investment would have been informally approved before it was mooted.
 
Mattg said:
Why would anyone want to invest in Air India?
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Prior to covid I would have said fleet, network (slots and landing rights), and experienced pilots (at a time when there was a potential pilot shortage, and experienced maintenance engineers.

Now? Lots of new planes sitting idle. Plenty of very good pilots. Could all be yours debt free! I suppose they might have some valuable landing slots though?
 
Thibault said:
It looks like SQ wants to copy the version of 9W and EY. I thought they would have learnt this with VA?
Could be quite interesting to see how it folds out.
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With SQ's previous 'spectular' adventures with the Air New Zealand/Ansett Australia group, Tiger Airways Australia and Virgin Australia, people would think SQ would've learnt by now.
 
HS-TQE said:
With SQ's previous 'spectular' adventures with the Air New Zealand/Ansett Australia group, Tiger Airways Australia and Virgin Australia, people would think SQ would've learnt by now.
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How much did SQ invest (i.e. lose) all up with their VA adventures? Precovid they had annual revenues of >$10b SGD/AUD and profit in the order of $300m-900m. Maybe they saw them as strategic gambles, worst case they have to write off their capital. SQ's definitely expanded their presence in the Australian market (in terms of number of services) over the 10 years of their investment. Geographically, Australia is critically important to the Changi hub. Likewise India is also important to them for eastbound services from India.
 
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Suspect things are going to get pretty rough towards the end of the year as the 12-month job guarantee expires.
 
www.channelnewsasia.com

Scoot CEO Campbell Wilson appointed new head of Air India

:Air India's new owner Tata Sons said on Thursday it would appoint Campbell Wilson, the head of Singapore Airlines' budget carrier Scoot, as its chief executive, subject to regulatory approvals.New Zealand-born Wilson, 50, will step down from his current role on June 15, Singapore Airlines...
www.channelnewsasia.com www.channelnewsasia.com
 
Must love a challenge. Aside from the challenge of Air India itself, always tough for foreigners running things in India, whether it be Indian companies or the Indian arms of foreign companies. Good luck to him.
 
Going from Scoot to Air India is still LCC to LCC by service standards ;)

Saying that, good luck to Campbell.
 
Speaking of recent updates, UK and AI has loaded a few wet-leases* on the SIN-BOM leg with AI operating some flights on behalf of UK at the start of the NW season (November 2022).

AI's CEO was from SIA where Wilson was the CEO of the group's LCC Scoot.

I wonder if this may lead to a UK/AI 'merger' at some point

*Subject to change of course.
 
I can only hope it goes well for SIA, they may not had much success with overseas investments overall, losing billions (especially with the 3-time failures in Australia), but a combined AI/UK has huge potential with the very large Indian market.
 

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