Air India disinvestment

Air India staff unions hit social media against disinvestment plan

Air India staff unions hit social media against disinvestment plan

As part of efforts to revive the loss-making Air India, the government has kicked off the stake sale process and has issued a detailed preliminary information memorandum wherein it has proposed to sell 76 percent stake and cede management control to private players.

Apr 16, 2018, 12:08 PM IST
Air India sale a scam in the making, will file complaint if I find culpability: Subramanian Swamy

Air India sale a scam in the making, will file complaint if I find culpability: Subramanian Swamy

Swamy has threatened to file a complain if he finds anything wrong with the deal.

Mar 31, 2018, 21:45 PM IST
UPA made the Maharaja a beggar, we are restoring his glory: Minister on Air India sale

UPA made the Maharaja a beggar, we are restoring his glory: Minister on Air India sale

He said the airline would be kept independent after the stake sale.

Mar 29, 2018, 21:09 PM IST
EoIs for divestment in Air India, Pawan Hans in next few weeks: Aviation Secy

EoIs for divestment in Air India, Pawan Hans in next few weeks: Aviation Secy

Last June, the Union Cabinet had approved privatisation of the debt-laden national carrier, which is staying afloat on taxpayers' money.

Mar 09, 2018, 08:16 AM IST
Air India seeking Rs 1,500 crore in working capital loans

Air India seeking Rs 1,500 crore in working capital loans

Air India has already secured a government-guarantee for the proposed loan, which it is seeking from December through January.

Dec 08, 2017, 17:23 PM IST
Air India's domestic, global operations to be sold together: Sinha

Air India's domestic, global operations to be sold together: Sinha

Sinha's comments assume significance against the backdrop of some players expressing their interest only in certain verticals of Air India.

Dec 02, 2017, 12:17 PM IST
Air India CMD Rajiv Bansal gets three-month extension

Air India CMD Rajiv Bansal gets three-month extension

The airline, which has a debt burden of over Rs 50,000 crore, managed to eke out operational profit for the first time in a decade in 2015-16.

Nov 25, 2017, 17:11 PM IST
Air India ropes in SBI Caps, sets up 5 teams for divestment process

Air India ropes in SBI Caps, sets up 5 teams for divestment process

As part of efforts to revive the loss-making airline, the government has decided on strategic disinvestment and the modalities are being worked out.

Nov 21, 2017, 22:24 PM IST
Govt wants Air India disinvestment to be completed 'fast'

Govt wants Air India disinvestment to be completed 'fast'

As part of efforts to revive the debt-laden Air India, which has been in the red for long, the government is working on the contours of its strategic disinvestment.

Nov 14, 2017, 23:48 PM IST
Air India eyes sale of scrapped engine parts

Air India eyes sale of scrapped engine parts

The carrier plans to salvage select engine parts under a profit sharing arrangement, failing which they would be sold as scrap, as per a tender document.

Oct 23, 2017, 18:12 PM IST
Now, Air India looks for Rs 1,500 crore short term loans

Now, Air India looks for Rs 1,500 crore short term loans

The debt-laden carrier, which is surviving on taxpayers' money, is battling multiple headwinds, including financial woes and stiff competition.

Oct 20, 2017, 14:14 PM IST

Two more firms evince interest in Air India ground handling biz

A group of ministers, headed by Finance Minister Arun Jaitley, held discussions on the stake sale modalities. It is at least the third meeting of the group so far this month.

Sep 28, 2017, 00:11 AM IST
Air India ties up with PNB, IndusInd for Rs 3,250 crore loan

Air India ties up with PNB, IndusInd for Rs 3,250 crore loan

On June 28, the Cabinet Committee on Economic Affairs (CCEA) had given in-principle approval for strategic disinvestment of Air India and five of its subsidiaries.

Sep 27, 2017, 17:50 PM IST
Air India looks to vacate unused space at airports, save on rentals

Air India looks to vacate unused space at airports, save on rentals

Bansal said he is planning to vacate any extra space at airports that the airline might be holding up due to scrap.

Sep 24, 2017, 14:06 PM IST
Air India plans to rationalise some routes

Air India plans to rationalise some routes

The disinvestment-bound national carrier is discussing the possible routes that can be rationalised starting from the winter schedule next month.

Sep 17, 2017, 15:19 PM IST
PAC members oppose Air India divestment

PAC members oppose Air India divestment

Approved by the previous UPA regime in 2012, the turnaround plan provides for equity infusion of Rs 30,231 crore up to 2021 into Air India subject to the carrier achieving certain milestones.

Sep 08, 2017, 19:46 PM IST
Govt to appoint transaction advisers for Air India disinvestment

Govt to appoint transaction advisers for Air India disinvestment

Apart from Jaitley, Civil Aviation Minister Ashok Gajapathi Raju, Railway Minister Suresh Prabhu and Power Minister Piyush Goyal as well as senior officials were present at the meeting.

Aug 30, 2017, 22:39 PM IST
Arun Jaitley hints at expeditious decision on Air India stake sale

Arun Jaitley hints at expeditious decision on Air India stake sale

Finance Minister Arun Jaitley on Wednesday indicated that an expeditious decision would be taken on Air India disinvestment, with at least two parties having formally expressed interest in buying stake in the national carrier.

Aug 30, 2017, 16:18 PM IST
FDI policy rules out Air India's stake sale to foreign airline

FDI policy rules out Air India's stake sale to foreign airline

The development comes at a time when the central government has decided to divest its stake in the airline.

Aug 28, 2017, 19:10 PM IST
Ahead of privatisation, Air India to offer VRS to 15,000 employees

Ahead of privatisation, Air India to offer VRS to 15,000 employees

Air India is drawing up a proposal to offer voluntary buyouts to just over a third of its 40,000 employees, two government officials said, in what would be one of the largest such offers in India's state sector, as the airline slashes costs ahead of a 2018 sale.

Jul 19, 2017, 14:08 PM IST