RE: India wants more planes now.Don't fool yourself. Mal's problem is not a lack of business, but trying to make any margin on the business they get. They can ramp up sales and go further in debt financing it all only to earn a pathetic 6% EBITDA margin.
Their India JV is like pixxing against the wind. How much revenue does this have? Do they have money to expand? Will their JV partner only use them to learn how to do for Boeing/Airbus and eventually leave them at the alter? Mal has no money to get into production in low cost countries like China and India in the way they will need to in the coming years.
The best thing for mal is that they find a buyer. If someone thinks there is value perhaps you can make a profit by buying now. However do not count on this happening anytime soon as no one will want to take on mal's debt. If mal was debt free with a strong balance sheet perhaps. The situation is a very weak balance sheet, pathetic margins, and in the future more and more competition from China/India.
Perhaps if they can start to show some turn around from the usual crap earnings reports I could buy, however, I will wait and see as I do not believe one word management says. Every report they issue for the last 5 years started out with words to the effect "we see light at the end of the tunnel", but it seems to be a very long tunnel. And worse now since aerospace is doing well and mal is in the dog house and that is where it will likely stay. Remember mal was born from the ashes on Fleet Aerospace and that is where it looks to be returning.