The colony is in many ways a nice analogy for Air India — some nice parts, some untouchables and a looming uncertainty. Applying the same ratios to the Air India EBITDAR, he arrived at an enterprise value for Air India in the range of Rs. Another way to value Air India would be based on depreciated assets value, physical immovable assets and its fleet of 118 wide-body, narrow-body and ATR aircraft. One rough estimate by a senior investment banker who did not want to be identified suggests Air India has assets worth Rs. For the Tatas, of course, there is nostalgia, as they were involved in starting Air India International 70 years back.

Source: Economic Times July 08, 2017 18:11 UTC