Air India disinvestment

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

Debt-laden Air India has now become a test case on how to get investor interest in adversarial market conditions.

Dec 14, 2020, 15:09 PM IST

Air India Privatisation: Tata Group likely to file Expression of Interest today

Debt-laden Air India has now become a test case on how to get investor interest in adversarial market conditions.

Dec 14, 2020, 12:44 PM IST

Air India divestment: Bidding process would be on enterprise value, says Hardeep Singh Puri

The Union Civil Aviation Minister said that the government has decided to change bidding parameters and invite bid at an enterprise value.

Oct 29, 2020, 19:05 PM IST

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

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.

Mar 01, 2019, 10:31 AM IST

Air India expects to raise Rs 6,100 crore by selling, leasing back 7 wide-body aircraft: Report

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

Nov 20, 2018, 11:57 AM IST

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.

Jul 31, 2018, 16:52 PM IST

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.

Jun 20, 2018, 15:55 PM IST

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.

Jun 19, 2018, 09:45 AM IST

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

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

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 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

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

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

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'

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