Air India's privatisation Fails to Lift Off

11 Apr 2024 CW Team

Two years after its privatisation, Air India's journey towards financial recovery is still facing significant challenges, with the airline struggling to achieve its turnaround goals. Despite initial optimism surrounding the privatisation process, Air India continues to grapple with operational inefficiencies and financial constraints.

The privatisation of Air India was intended to revitalise the airline and position it for sustainable growth in the competitive aviation market. However, the anticipated turnaround has yet to materialise, as Air India continues to face hurdles in its path to profitability.

Several factors contribute to Air India's ongoing struggles, including fierce competition from private carriers, legacy issues, and a high debt burden. Despite efforts to streamline operations and cut costs, the airline's financial performance remains below expectations, hampering its ability to regain market share and improve profitability.

Moreover, the impact of the COVID-19 pandemic has further exacerbated Air India's challenges, leading to a sharp decline in passenger demand and revenue. The pandemic-induced disruptions have forced the airline to scale back operations and incur additional losses, further delaying its recovery efforts.

While privatisation was seen as a potential solution to Air India's woes, the airline continues to face an uphill battle in its quest for profitability and sustainability. The government and stakeholders must work together to address the underlying issues plaguing Air India and chart a viable path forward for the national carrier.

Infrastructure Urban

04 May 2026

Jyoti Structures FY26 profit rises 56.5%

Jyoti Structures (JSL) recently reported strong financial results for the quarter and year ended 31 March 2026, driven by disciplined execution, cost management and steady progress across its order book.For Q4 FY2025-26, total income rose 44.2 per cent to Rs 2.41 billion from Rs 1.67 billion in Q4 FY2024-25. EBITDA increased 58.6 per cent to Rs 237 million, while EBITDA margin improved by 89 basis points to 9.84 per cent. Profit before tax grew 53.3 per cent to Rs 188.5 million, and net profit rose 51.9 per cent to Rs 181.4 million.For FY2025-26, total income grew 53.1 per cent to Rs 7.72 bill..

Cat BEPU to Power Doppstadt Separator at IFAT 2026

Caterpillar’s Cat Battery Electric Power Unit (BEPU) has been selected by Doppstadt to power its SWS 6 Spiral Shaft Separator, which will be showcased for the first time at IFAT 2026 in Munich, Germany, from 4–7 May.The compact plug-and-play BEPU is designed to replace a diesel engine within the same space, using the same mounting locations and relative machine position. It integrates the battery, motor, inverter, onboard charging, cooling and controls, enabling OEMs to electrify existing chassis platforms without extensive redesign.Caterpillar and Cat dealer Zeppelin Power Systems have be..

VECV sales rise 6.9% in April 2026

VE Commercial Vehicles, a joint venture between Volvo Group and Eicher Motors, recorded sales of 7,318 units in April 2026, compared to 6,846 units in April 2025, registering 6.9 per cent growth. The total included 7,159 units under the Eicher brand and 159 units under the Volvo brand.Eicher branded trucks and buses reported sales of 7,159 units during the month, up 6.6 per cent from 6,717 units in April 2025. In the domestic commercial vehicle market, Eicher sales rose 8.6 per cent to 6,797 units from 6,257 units a year earlier.Exports declined 21.3 per cent, with VECV recording 362 units in ..