AIR INDIA LOSSES - FROM GENERIC CRITIQUE TO PRECISE STRUCTURAL ANALYSIS (PART 1/4)
This 4-part article about Air India losses has been sitting on my back burner for quite some time and I hesitated to finish it as the headlines have long since passed. My chance encounter of a post in the website of NUS' Institute of South Asia Studies has rekindled my interest. The post "Air India’s Turnaround: Big Ambitions, Bigger Financial Challenges" by Vinod Rai 10 September 2026 regurgitates the same bland generalisation of " disruptions ... of Pakistani airspace, geopolitical tensions ..... elevated fuel prices, supply-chain constraints and continuing difficulties in obtaining and deploying aircraft efficiently. The tragic Air India crash in 2025 .... ongoing fleet refurbishment and transformation programme." There's nothing new; same generic conversation. Public anger and parliamentary debate focused heavily on the cash drain on SIA. The local debate in Singapore frames Air India’s problems through the lens of poor passenger yields or locali...