Air India Debt

LIC exits Air India debt at a profit, sells back entire Rs 3,800 cr holding

LIC and State Bank of India were top investors in AI's debt

Clear Air India dues, buy tickets in cash: FinMin tells ministries

The government on Monday signed a share-purchase agreement with Tata Sons for the sale of the national carrier for Rs 18,000 crore

Second phase of Air India disinvestment to start from January 5

The second phase of the strategic disinvestment of Air India will start on January 5, 2021 with the announcement of the names of the qualified bidders

Air India employees seek status quo on benefits post privatisation

Air India pilots' associations has asked its members to maintain the printed weekly offs and not to change them

Air India staff protest pay cut, demand arrears ahead of privatisation

Unions ask pilots not to undertake extra duties, AIEU seeks with aviation minister on leave encashment, continuation of medical benefits, among other things

Air India to raise short-term loans of Rs 6,150 crore by month end

With finances stretched, the govt is not in a position to infuse cash into the airline, but will help the carrier to raise money through sovereign guarantee

India likely to ease Air India offer, let suitors decide on taking debt

Current rules require bidders to take over the carrier's $3.3 billion of aircraft debt, deterring buyers

Govt planning to absorb large portion of Air India's debt to woo buyers

Airline has Rs 23,286-cr debt; GoM likely to take a decision on the proposal in two weeks

Air India stops issuing tickets on credit to govt bodies owing over Rs 1 mn

In total, these government agencies owe around Rs 268 crore to the national carrier, he said, adding that "around Rs 50 crore has been recovered from these agencies by the airline"

New plan to woo investors: Govt may exclude $7 billion of Air India debt

A spokesman at India's finance ministry, which handles assets sales, was not immediately available for a comment

Oil companies defer decision to suspend fuel supplies to Air India

The decision was taken after Air India made a written request and also promised regular payments to clear over Rs 5,000 crore in overdue fuel bills.

Govt to mop up Rs 90 bn by selling off land, realty assets of Air India

Air India had in September invited bids to sell its properties located across India

Centre seeks Parliament nod for Rs 9.8-bn capital injection in Air India

To fund the capital infusion in Air India and other sectors, the government has sought Parliament's approval for an additional net spending of Rs 59.51 bn

Air India's current business 'not sustainable': Govt

Also, a parliamentary panel has sought details on the Air India disinvestment decision

Air India divestment: Subsidising airline not sustainable, says Capa report

The national carrier has a debt burden of more than Rs 52,000 crore

Air India debt: Staff willing to forgo pay, say airline gave them identity

Air India's debt of around Rs 46,000 cr has outgo of more than Rs 4,000 cr a year as debt servicing