Aiahl

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Aiahl - Total results - 8
Tata Group likely to bid for Air India in partnership with Singapore Airlines; eyes merger of Air India Express, Air Asia India
Business

Tata Group likely to bid for Air India in partnership with Singapore Airlines; eyes merger of Air India Express, Air Asia India

While Air India's net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore.

Air India privatisation: IndiGo, Etihad show interest in ailing national carrier; govt likely to come up with EoI next month
Business

Air India privatisation: IndiGo, Etihad show interest in ailing national carrier; govt likely to come up with EoI next month

Representatives from these companies (IndiGo and Etihad) have met government officials and, unofficially, shown interest in the national carrier.

Air India disinvestment: Govt looking to shift more debt out of crisis-hit national carrier's balance sheet before disinvestment
Business

Air India disinvestment: Govt looking to shift more debt out of crisis-hit national carrier's balance sheet before disinvestment

On Monday, Civil Aviation Secretary Pradeep Singh Kharola said the government is working on the debt issue of Air India to make it more attractive to buyers.

BPCL, Air India privatisation: Govt to go ahead with disinvestment of PSUs despite opposition, protests
Business

BPCL, Air India privatisation: Govt to go ahead with disinvestment of PSUs despite opposition, protests

Air India is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores.

Govt likely sell part of Air India stake to foreign airline; may invite preliminary bids by 10 October: Report
Business

Govt likely sell part of Air India stake to foreign airline; may invite preliminary bids by 10 October: Report

The government has moved about Rs 30,000 crore of Air India's debt to a separate holding company, leaving the carrier with roughly another Rs 30,000 crore of debt.

Finance ministry may not infuse any additional funds into Air India this financial year; Rs 2,600 cr to be used to pay off interest
Business

Finance ministry may not infuse any additional funds into Air India this financial year; Rs 2,600 cr to be used to pay off interest

AIAHL — the special purpose vehicle of Air India — mopped up Rs 7,000 crore through bonds on Monday and the issue was oversubscribed more than 20 times.

Daily Bulletin: SC to hear pleas against abrogation of Article 370; Toll rises to 11 in AP boat accident; day's top stories
India

Daily Bulletin: SC to hear pleas against abrogation of Article 370; Toll rises to 11 in AP boat accident; day's top stories

Here are today's top stories: SC to hear pleas against abrogation of Article 370 provisions, curbs in Jammu and Kashmir today; IMD issues heavy rain alert in Rajasthan, Madhya Pradesh; and more

Cabinet approves creation of SPV for Air India divestment; govt to allocate additional Rs 2,600 cr in next fiscal
Business

Cabinet approves creation of SPV for Air India divestment; govt to allocate additional Rs 2,600 cr in next fiscal

The government has been working on ways to revive the fortunes of Air India, which is estimated to have a debt burden of Rs 55,000 crore.