Page 3 - Air India Sale

Govt expects to complete Air India sale in first half of FY21: DIPAM secy

The deadline for submitting the EoI is March 17

Letter to BS: Sale of Air India is unavoidable, but who will buy it?

The national carrier is currently incurring a daily loss of around Rs 20-25 crore and has a debt of Rs 5,000 crore

Letter to BS: Selling of PSUs is akin to frittering away of national assets

Dismantling the public sector means handing over our national assets, our national wealth to the corporates, domestic and foreign, on a silver platter

Govt may ease Air India brand retention clause for the new owner

Prospective bidders had pointed out that if an existing airline bids for Air India, it would ideally want to merge it with their ongoing business

Hinduja and US-based Interups join race to acquire cash-strapped Air India

NY-based fund wants govt to include maintenance unit in deal

Air India sale: Govt may issue EoI, share purchase agreement in 3-4 days

An official said 'a group of ministers, headed by Union home minister Amit Shah, had on January 7 approved the EoI and the SPA for the airline'

Air India operations will continue uninterrupted, says aviation ministry

Air India has been facing a cash shortfall of over Rs 200 crore each month despite an increase in revenue

Top 10 biz headlines: India staring at decade low growth, Air India sale

From Rolls Royce's record sales to lower credit rate for small business, Business Standard brings you the top headlines of the day

Air India sale ready to take off: GoM okays EoI, share purchase agreement

Govt gives nod to hive off another Rs 20,000 cr in debt and liabilities

GoM approves EoI, share purchase agreement for Air India's privatisation

The EoI and the share purchase agreement would be issued in January itself, a senior govt official said

Rumours about Air India's shutdown are baseless, says Ashwani Lohani

Air India would continue to fly and also expand and there should be no cause for concern whatsoever to travellers, corporates or agents, Air India chief said

Will have to privatise Air India, need your cooperation: Puri to unions

At a meeting with some 13 Air India unions in Delhi, Puri also said that the government was trying to address the concerns of the employees regarding issues such as job protection post privatisation

Post Centre's guarantee, Air India pays November allowances to 1600 pilots

Air India has around 1,600 pilots and all of them have received the payment, he said

Air India stake sale: Govt likely to float EoI for airline after mid-Jan

Roadshows were recently held in Singapore and London to gauge investor interest for the debt-laden national carrier

Government considers easing foreign control rule to aid Air India sale

The rule mandates that control of an airline always remain in Indian hands, one of several reasons global firms have been wary of bidding for Air India Ltd

Airlines, private equity funds, HNIs warm up to Air India divestment

A Rs 30,000-crore bailout by the previous UPA government had been unable to reverse the fortunes of the carrier

Fuel cost, forex rate variation led to Rs 4,685 cr loss for Air India: Govt

The impact of exchange rate variation led to an increase in expenses from Rs 31 crore in 2017-18 to Rs 772 crore in 2018-19

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

BJP making India's best organisations hollow, selling them: Priyanka

Her attack comes days after Sitharaman reportedly said the government was looking to wrap up the sale of state-run Air India and oil refiner and marketer BPCL by March 2020

Govt to wrap up sale of Air India, BPCL by March 2020: Nirmala Sitharaman

The finance minister stated the strategic disinvestment of the two state-run companies is critical for the government to meet its disinvestment target of Rs 1 trillion for the current fiscal year