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Old 30th November 2020, 01:58 AM   #1
Avenger777
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Default SQ and TATA to bid for AI

VERY interesting...........

https://simpleflying.com/tata-group-...edium=facebook
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Old 1st December 2020, 11:29 AM   #2
boing
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With SIA's unlucky streak with JV's and the cesspool that is AI and Indian aviation market in general, this doesn't look like the best of commercial initiative, considering the state SIA is in currently and the commercial aviation market's outlook for the next few years.

SIA's head is barely above water and struggling to keep afloat and here they are attempting to someone rescue someone on the seabed with a ton of rocks attached ! Wonder what is Singapore Government's view on this considering they pumped billions into SIA to keep them afloat and SIA even retrenched 2400 staff.
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Old 1st December 2020, 04:23 PM   #3
Bytor
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Not sure AI would be high on my shopping list for airlines right now, unless they know something we don't!
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Old 2nd December 2020, 07:58 PM   #4
demue
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Alamak, don't waste our CPF monies .
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Old 3rd December 2020, 10:01 AM   #5
flyguy
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AI have been put on sale for a couple of years and essentially no serious buyers as AI have alot of inside troubles.
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Old 3rd December 2020, 11:08 PM   #6
sbs2716g
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Actually it is TATA group who want to buy. I don’t think SQ have agreed to anything.

And even if they buy, most likely will be $1 nominal sum? And maybe with some of the AI debts waive off by the govt ? Or else who will pay premium to buy a company with so much debts ?
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Old 4th December 2020, 11:38 AM   #7
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Read lie TATA would want SQ to join in its purchase of AI. But TATA already have a JV with SQ in forming Vistara and have gone onto international routes and to US within sigh with its new 787s. Not sure why TATA would want to buy over AI and inherit the mess in AI.
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Old 4th December 2020, 02:09 PM   #8
Scooter001
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Might be a government effort to float AI indirectly. Look at the DBS - LVB merger.
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Old 4th December 2020, 03:21 PM   #9
flyguy
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Quote:
Originally Posted by Scooter001 View Post
Might be a government effort to float AI indirectly. Look at the DBS - LVB merger.
It's not good if this is so as Vistara have not made any profit since and its losses have in fact widen in 2019 before Covid. Don't think even the DBS-LVB merger is a good one at all and will drag DBS down.
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