Air India crisis: Employees of ailing national carrier's ground-handling subsidiary likely to get December salaries by next week
Air India Chairman and Managing Director Ashwani Lohani had on 4 January said that "rumours" of the disinvestment-bound airline's shutdown are "all baseless".
Weeks after calling Air India's financial situation untenable, CMD Ashwani Lohani calls rumours of shutdown 'baseless'
Air India chief Ashwani Lohani on Saturday said that "rumours" of the disinvestment-bound airline's shutdown are "all baseless", weeks after he told the Civil Aviation Ministry that the carrier's financial situation was "grossly untenable" for sustaining operations.
Finance Ministry reworking strategic sale procedure to ensure outright sale of central public sector enterprises
Currently, there is no set timeline for concluding strategic sale of a state-owned company and the entire process, in some cases, drags on for months, if not years.
After a botched attempt to sell Air India in May last year, a panel led by Arun Jaitley had decided in June to scrap the stake-sale plan for the time being
Govt to extend deadline for submission of bids for sale of Air India's ground handling arm AIATSL till 16 May
The government is likely to extend the last date for submission of bids for the strategic sale of Air India's ground handling subsidiary AIATSL by a month, till 16 May
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.
Niti Aayog has identified 35 PSUs, including Air India, Air India's subsidiary AIATSL, Dredging Corporation, BEML and Scooters India for strategic sale.
Debt-laden Air India may approach Centre for financial help if airline fails to get Rs 500-cr bank loan
The cash-strapped Air India has been struggling to cut its costs and explore ways to enhance revenues for bringing down the debt burden.
The funds raised through sale of the properties of Air India would be used to reduce the Rs 29,000 crore debt, held in the SPV
Govt working on efforts to turn around AI; cost cutting, revenue augmentation measures to fetch Rs 2,000-cr benefits
The ministry would monitor the implementation of the AI plan and then report to the AISAM.
Aviation secretary, RN Choubey said that Air India's ground handling operations will be transferred to Special Purpose Vehicle (SPV)
Sudden strike by Air India ground staff disrupts operations at Mumbai airport; delays 8 domestic, 16 international flights
Employees at Air India Air Transport Services Limited (AIATSL), Air India's subsidiary for ground services, called for the strike after the airline reportedly refused to reinstate some sacked contract workers.
Govt working on strategic sale of Air India subsidiary AIATSL to raise funds and help cut debt of national carrier
Strategic sale of Air India Air Transport Service (AIATSL), which provides ground handling services, is being planned as part of the turnaround scheme for Air India which is reeling under a debt burden of Rs 48,000 crore at end of March 2017
'Employee retention will diminish Air India's value': Turkish firm Celebi on govt's disinvestment plan
The bid value of Air India will fall if the government asks buyers to keep the airline's employees on the payroll, according to Turkish firm Celebi, which has expressed interest in buying a subsidiary of the disinvestment-bound national carrier
Potential bidders for Air India are cherry picking businesses to best suit their needs. This is because the huge debt is rendering the company as a whole unattractive.
Hotel Corporation of India, AI Engineering Services and Alliance Air remained loss making in 2016-17, according to estimates submitted in Parliament on Thursday