Reading Time: 2 minutes The International Air Transport Association (IATA) 74th Annual General Meeting (AGM) urged governments to take a cautious approach when considering airport privatization. In a unanimously passed resolution, IATA members called on governments to prioritize the long-term economic and social benefits delivered by an effective airport ahead of the short-term financial gains provided by a poorly […]

Reading Time: 2 minutes In a politically charged move, the Indian Narendra Modi government has agreed to sell a 49% stake in the state-owned flag carrying airline, Air India, thus still retaining a controlling interest. This is seen as a strategic divestment of an airline which has failed to show an annual operating profit for over ten years, and […]

Reading Time: < 1 minute Saudi Arabian Airlines’ along with new low cost subsidiary Flyadeal are due to be privatised by 2020, according to a report by Arab News. “One significant part of the group’s privatisation plan is to incorporate SAAC [Saudi Arabian Airlines Corporation] to become the group’s parent company. There are no explicit decisions for this yet, but […]

Reading Time: < 1 minute The Indian government has given the go-ahead for the privatisation of the loss-making and debt-ridden Air India. Finance Minister Arun Jaitley confirmed that subsequent to a cabinet meeting, “in principle” approval has been given for the sale of a stake in the airline. This is one of a series of initial steps that needs to […]