Latest News on Aiatsl
Showing of 0 - 10 from 14 results
Aiatsl - Total results - 14
May 12, 2019
Finance Ministry reworking strategic sale procedure to ensure outright sale of central public sector enterprisesCurrently, 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.
May 11, 2019
As PMO wants quick disinvestment of its subsidiaries, Air India asked to prepare FY19 financialsAfter 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
Apr 15, 2019
Govt to extend deadline for submission of bids for sale of Air India's ground handling arm AIATSL till 16 MayThe 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
Mar 01, 2019
Cabinet approves creation of SPV for Air India divestment; govt to allocate additional Rs 2,600 cr in next fiscalThe 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.
Feb 06, 2019
Prime Minister's Office holds meeting to speed up strategic sale of PSUs identified by Niti AayogNiti Aayog has identified 35 PSUs, including Air India, Air India's subsidiary AIATSL, Dredging Corporation, BEML and Scooters India for strategic sale.
Dec 06, 2018
Debt-laden Air India may approach Centre for financial help if airline fails to get Rs 500-cr bank loanThe cash-strapped Air India has been struggling to cut its costs and explore ways to enhance revenues for bringing down the debt burden.
Dec 03, 2018
Govt eyes Rs 9,000 cr from sale of land, realty estate properties of debt-laden Air IndiaThe 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
Nov 29, 2018
Govt working on efforts to turn around AI; cost cutting, revenue augmentation measures to fetch Rs 2,000-cr benefitsThe ministry would monitor the implementation of the AI plan and then report to the AISAM.
Nov 27, 2018
Govt to proceed with sale of Air India ground handling subsidiary AIATSL with 100% divestmentAviation secretary, RN Choubey said that Air India's ground handling operations will be transferred to Special Purpose Vehicle (SPV)
Nov 08, 2018
Sudden strike by Air India ground staff disrupts operations at Mumbai airport; delays 8 domestic, 16 international flightsEmployees 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.