Air India disinvestment | Zee News

Advertisement

NewsAir India disinvestment

Air India disinvestment News

03 Dec 2021

Air India Sale: AI union moves Madras HC against disinvestment

A writ petition filed by ACEU wanted the court to restrain disinvesting without taking into consideration the employees. ACEU represents 5,000 Air India employees. The ACEU stated that there are 20,000 employees in Air India.

13 Oct 2021

Air India-Tata deal: AI unions raise cash, accommodation, other concerns

Air India Unions are demanding that the employees should be allowed to stay in airline flats till monetisation or at least for a year. Tata Group has assured a one-year employment guarantee. The unions have also requested the ministry to allow employees to continue living in the colonies.

08 Oct 2021

Tata buys Air India: What will happen to AI employees after acquisition?

Tata Sons will need to offer a voluntary retirement scheme if it decides on retrenchment after one year period. pension fund and post-retirement medical benefits will also be honoured by Tata Sons.

08 Oct 2021

In good hands: Twitter reacts to Tata Sons’ buyout of Air India

Harsh Bhogle said, “Looking forward to be proud of #AirIndia. In good hands." SpiceJet founder Ajay Singh, who lost the bid to Tata, wished success to the conglomerate. Union Civil Aviation Minister Jyotiraditya Scindia also congratulated Tata Sons.

08 Oct 2021

Air India back in the hands of Tata Group after 68 years, wins bid for 18,000 crores

Tata's wholly owned subsidiary Tales Pvt Ltd made an enterprise value (EV) bid of Rs 18,000 crore, with debt of Rs 15,300 crore and a cash component of Rs 2,700 crore. Following which the Government of India on Friday announced Tata Group as the winning bidder for Air India.

08 Oct 2021

From Centre buying Air India to saying ‘Tata’, check airline’s journey so far

Tata Sons is all set to buy the debt-laden Air India from the Indian government.

16 Sep 2021

Air India sale: Tata, SpiceJet chief Ajay Singh put in financial bids

The minister also noted that the government is currently evaluating technical aspects of the bids received. Tata Sons, the holding company of India's largest conglomerate, and SpiceJet chief Ajay Singh are among those who submitted financial bids. Tuhin Kanta Pandey, secretary of the department, is running the privatisation process.

15 Sep 2021

Air India sale: Final bids for disinvestment today, Tata also in the race

The government is expected to complete the sale of the national carrier with at least two buyers expected to submit financial bids by September 15. Air India is laden with a huge debt of around Rs 43,000 crores of which Rs 22,000 crores will also be transferred to the Air India Asset Holding Limited (AIAHL) The government declined to share any details on expectations from the sale of Air India.

Air India disinvestment

14 Dec 2020

Air India Privatisation: US Based Fund Interups, Tata Sons among prime bidders

Air India EoI floated by DIPAM in January. Airline's total debt of Rs 60,074 crore as of March 31, 2019. Buyer would be required to absorb Rs 23,286.5 crore.

Air India disinvestment

14 Dec 2020

Air India Privatisation: Tatas likely to file Expression of Interest today

Air India EoI floated by DIPAM in January. Airline's total debt of Rs 60,074 crore as of March 31, 2019. Buyer would be required to absorb Rs 23,286.5 crore.

Air India disinvestment

29 Oct 2020

Air India divestment bidding process would be on enterprise value: HS Puri

The government has also decided to put a price cap on airline fares during the Covid period This price cap on airline fares was up to Nov 24, 2020 This price cap would remain applicable on all airlines operating in the country

12 Dec 2019

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.

19 Sep 2019

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.

18 Sep 2019

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.

Special Purpose Vehicle

01 Mar 2019

Cabinet approves creation of SPV for Air India divestment

An SPV named Air India Asset Holding Ltd was set up on January 22 last year as part of financial restructuring of the debt-laden national carrier.

20 Nov 2018

Air India to raise Rs 6,100 crore by selling, leasing back aircraft

On August 7, Parliament had approved the gross additional expenditure of Rs 980 crore for equity infusion into the heavily indebted airline.

India Parliament

31 Jul 2018

Govt seeks Parliament's nod for Rs 980 crore equity infusion into Air India

The amount is part of the total gross additional expenditure of Rs 11,697.92 crore, for which approval has been sought from the Parliament.

Air India disinvestment

20 Jun 2018

Government committed to Air India's strategic disinvestment: Jayant Sinha

A plan is also being worked out by the Air India board and the situation was reviewed after the proposed strategic stake sale of the national carrier failed to attract any bidders last month.

Khadi and Village Industries Commission

19 Jun 2018

Air India to continue giving Khadi amenity kits to international passengers

The amenity kit will include a number of Khadi products, like soaps, moisturisers and lip balms.

Air India disinvestment

16 Apr 2018

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.

Loading...

NEWS ON ONE CLICK