The UK satellite operator is a logical target for private equity firms Apax and Warburg Pincus: the hard-to-value group could throw off loads of cash in a few years. Yet that depends on widespread take-up of in-flight broadband. Rivals may prevail, or flyers might not cough up.
The state has been stealthily reducing its role in industry by allowing private players to gain market share. There's appetite for a more aggressive approach. If national carrier Air India can be sold, look for banks, energy and other assets to follow if Modi wins a second term. This is a Breakingviews prediction for 2018. To see more of our predictions, click here.