Over the past decade, the Indian subcontinent has witnessed a growing shift toward privatizing national flag carriers. Air India, Pakistan International Airlines (PIA), and SriLankan Airlines have been at the center of these efforts, driven by a need to address…
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It’s still very early days, but by reporting improved first-quarter results, TAP Air Portugal has taken another step to become more attractive to potential investors when it will be privatized in the future. TAP reduced its Q1 net loss to €-57.4…
UPDATE – Italian airline ITA Airways ended 2022 with a €486 million net loss, newspaper Corriere della Sera reports. Last year has been the first full year of ITA’s history as it launched services in October 2021, so no comparable…
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Two years ago, on January 27, 2020, the Preliminary Information Memorandum for the acquisition of Air India was published by the Government of India’s Department of Investment and Public Asset Management. This was the third attempt at the privatization of…