Air India Debt

Air India to be privatised; Centre to sell 100% stake in the national carrier

Union Minister Hardeep Singh Puri on Thursday said that the government has decided to sell its entire 100 per cent stake in Air India under the proposed disinvestment process. The national carrier, which has been making a loss for long, has a debt burden of over Rs 50,000 crore.

Dec 12, 2019, 17:22 PM IST

Amit Shah-led ministerial panel discusses Air India disinvestment issues

Air India currently has a debt of nearly Rs 60,000 crore which includes long-term loan for aircraft purchase and working capital.

Sep 19, 2019, 16:44 PM IST

Key GoM meet on Air India to take up 10 major disinvestment issues

Employee package, including medical facilities to nearly 40,000 current and retired employees would also be on the agenda for discussion in the crucial meeting.

Sep 18, 2019, 14:40 PM IST

Air India Assets Holdings' Rs 7,000 cr bonds oversubscribed

The issue was oversubscribed with marquee market players SBI Bank, ICICI Securities, Axis Bank, ICICI Bank and SBI Capital buying it. Rating agency ICRA had given AIAHL bonds a "AAA "rating with stable outlook.

Sep 17, 2019, 11:16 AM IST

Govt eyes Rs 9,000 cr from sale of land, realty assets of Air India

The funds raised through sale of the properties would be used to reduce the Rs 29,000 crore debt, held in the SPV.

Dec 03, 2018, 18:20 PM IST

Air India bailout plan not alternative to divestment: CMD

He said discussions are in advanced stage for transferring Rs 29,000 crore out of Air India's near Rs 55,000 crore total debt to a special purpose vehicle (SPV).

Nov 15, 2018, 13:18 PM IST

Air India fails to draw a single bid so far

Prime Minister Narendra Modi`s government announced a plan in March to divest a 76 percent stake in Air India and offload about $5.1 billion of its debt.

May 31, 2018, 17:25 PM IST

Tata Group unlikely to bid for Air India as terms too onerous

India, keen to sell the loss-making, debt-ridden airline, finalised plans in late March to divest a 76 percent stake and offload about $5.1 billion of its debt.

Apr 11, 2018, 13:59 PM IST

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

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

Mar 29, 2018, 21:09 PM IST

Air India to be split into 4 entities ahead of sale: Jayant Sinha

Last week, India had cleared a proposal to allow foreign investors to own up to 49 percent in the carrier.

Jan 15, 2018, 17:31 PM IST

Air India to sell 2 properties to SBI, may fetch Rs 50 crore

Saddled with more than Rs 50,000 crore debt, Air India recently sought loans worth over Rs 1,500 crore to meet working capital requirements.

Nov 05, 2017, 13:47 PM IST

Could be wise to write off some Air India debt: Panagariya

Outgoing Niti Aayog Vice Chairman Arvind Panagariya has said that writing off some debt of Air India, so as to make it attractive to prospective investors, could be a "wise" move.

Aug 09, 2017, 15:24 PM IST

Govt looking at all options for Air India's revival including privatisation: Jayant Sinha

The debt-laden Air India is staying afloat on taxpayers' money and the government is looking at all options for its revival, including privatisation.

Jun 20, 2017, 14:12 PM IST

Air India reduces debt by Rs 5,000 crore last fiscal

As it works towards becoming fully profitable ahead of its schedule under the 10-year turnaround plan, the carrier has brought down its debt to around Rs 46,000 crore at the end of March this year.

Oct 19, 2016, 21:30 PM IST

Air India to sell assets worth nearly Rs 250 crore

Debt-laden Air India plans to sell properties and land parcels worth nearly Rs 250 crore spread across three cities.

Jul 17, 2015, 16:01 PM IST

Air India clears major share of Delhi, Hyderabad airport dues

"It is heartening for us to note that Air India has made large payments over the last two months to clear the outstanding dues to the GMR Group. We are hopeful that Air India will clear the remaining dues in an expeditious manner to reach a regular payment status," a GMR spokesperson said.

Feb 06, 2013, 19:56 PM IST

Govt helps Air India to pay off short-term debt

Air India is burdened with a huge debt of over Rs 43,000 crore, which is a mix of long and short-term debt and working capital loans.

Oct 09, 2012, 21:21 PM IST

Air India on revival mode, looks to wipe off losses in 6 years

Ailing Air India, which would get equity infusion of Rs 30,000 crore till 2021 as part of its turnaround plan, expects to wipe off its losses and become cash positive in the next five-six years, official sources said Sunday.

Apr 22, 2012, 09:26 AM IST

Air India posts healthy growth revenue

Riding on high yields and an increased passenger load factor, state-owned Air India posted a healthy 46 percent revenue growth last month over the same period last year, airline sources said on Wednesday.

Apr 18, 2012, 14:10 PM IST