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Air India divestment News

09 Oct 2021

Govt's CPSE privatisation programme kicks off after Tata Sons buys Air India

During the five-year period, the government received around Rs 5,000 crore from the privatisation of ten CPSEs. In addition, three Hotel Corporation of India assets and 18 ITDC buildings were sold in a slump sale. The government has also sold majority ownership in a number of CPSEs to other public sector enterprises.

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.

Air India divestment

08 Oct 2021

Air India divestment: Govt likely to approve and announce name of final bidder

The winning bid for debt-ridden Air India is expected to be announced on October 8. Air India is expected to return to its founders after a 68-year hiatus. Tata Sons are expected to take over Maharaja.

17 Dec 2020

Air India’s 50% concession for senior citizen: Details here

These concessions are applicable on AIRINDIA operated flights and Alliance Air codeshare flights.

Air India divestment

14 Dec 2020

Air India employees bid for stake in cash-strapped national carrier

The bidding process for the debt-ridden airline has been postponed four times earlier and of October 30 deadline is changed now Air India has been unprofitable since its 2007 merger with state-owned domestic operator Indian Airlines Ltd Air India disinvestment will be a key component of this year's sell target of Rs 2.1 lakh crore

15 Nov 2018

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).

11 Apr 2018

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.

10 Jan 2018

Cabinet clears 49% investment through FDI route in Air India

Last year, the Cabinet Committee on Economic Affairs (CCEA) gave its in-principle nod for the strategic disinvestment of the airline.

Air India divestment

14 Sep 2017

Government seeks advisers for Air India disinvestment

It is looking for reputed investment bankers, merchant bankers, financial institutions and banks for providing advisory services and managing the strategic disinvestment process.

09 Jul 2017

Parliamentary panel asks govt for details on Air India disinvestment decision

A Parliamentary panel has sought details from the government on giving in-principal approval to its divest stake in Air India even as modalities are being worked out for the proposed divestment to revive the debt- laden national carrier.

05 Mar 2015

No immediate plan to divest stake in Air India: Govt

The government Thursday ruled out any immediate plan to divest stake in Air India or rope in a strategic partner for the loss-making national carrier.

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