Aviation

Government seeks bids to sell 76% stake in Air India

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NEW DELHI: According to Times India Statement : Sixty-five years after Tata Group-founded Air India (AI) was nationalised, the government on Wednesday offered to sell 76% stake in AI to private bidders and effectively exit the airline business. Of AI’s total debt of Rs 50,000 crore, bidders for airline arm — AI, AI Express and AI-SATS (airport service company) — will have to take over debt of Rs 24,576 crore and liabilities of Rs 8,816 crore. The airline arm is being offered for sale first. TOI had first reported on March 6 that divestment of AI will begin with the airline arm being hived off first.

The iconic Nariman Point headquarters will not be associated with the “new AI” and only the central Delhi HQ at Airlines House will be given to the successful bidder to use for “two years or more”, while the ownership will remain with the government. Among “core real estate”, the bidder will get 21.8 acres hangar space at Delhi and Mumbai airports, said senior officials.

According to the preliminary information memorandum (PIM) issued on Wednesday, bidders need to have a minimum net worth of Rs 5,000 crore. Indian carriers with negative net worth, including all except IndiGo, will be considered to have zero net worth and can bid for the Maharaja, if they tie up with someone that can take the combined net worth to the required amount. This paves the way for an Indian carrier to tie up with a strong international player. Tata Sons-Singapore Airlines, IndiGo and an unidentified foreign player have already expressed interest in AI. Jet Airways was also waiting for the bid documents to decide on its next move and Qatar Airways wants to start an airline in India. They may also join the fray.

The successful bidder, expected to be finalised by September-end, will have to retain AI brand name for a specific period, which will be spelt out in the request for proposal. But a condition that AI has to be run on an “arm’s length basis” for at least three years, when it cannot be merged with any other entity and would need to maintain its identity as a separate airline, effectively means that the brand will have to be retained for at least that long.

The employees will need to be retained for at least a year. The government will carve out Esops from the 24% equity it will keep. Employees have also been allowed to participate in the bidding process, either directly or by creating a consortium.

Aviation

Lost Tool Found in Qantas A380 After 34 Flights

An Australian Transportation Safety Bureau (ATSB) investigation recently revealed that a Qantas A380 operated 34 flights with a 1.25-meter nylon tool lodged in one of its engines.

This turning tool, used during borescope inspections to rotate the intermediate-pressure compressor, was left behind during scheduled maintenance at Los Angeles on December 6, 2023. It remained inside the engine until it was discovered by maintenance staff during a subsequent check at Los Angeles on January 1, 2024.

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The ATSB report highlights two critical lapses. First, maintenance engineers failed to notice the tool during final checks for foreign objects after the borescope inspection. Second, the lost tool procedure was not activated when the tool was identified as missing.

The certifying engineer ultimately cleared the aircraft for service without accounting for the misplaced tool. During the time qantas films the tool was inside, the A380 completed 34 flight cycles, accumulating nearly 294 hours without any noticeable effect on engine performance.

Although the tool was deformed by high-energy airflow within the engine, there was no reported damage to the engine itself. ATSB Chief Commissioner Angus Mitchell commented.

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“This incident underscores the importance of following established maintenance protocols. Engineers missed the tool during foreign object checks, and the required lost tool procedure wasn’t started after realizing the tool was missing.”

Following the investigation, the airline issued a safety directive, urging all engineering and tool storage teams to adhere strictly to these protocols to prevent similar incidents in the future.

A qantas spokesperson stated, “While the tool didn’t impact engine performance, we take this incident very seriously. It is critical to follow the correct lost tool procedures.”