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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.
Prime Minister's Office holds meeting to speed up strategic sale of PSUs identified by Niti Aayog
•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
Fp Staff •The cash-strapped Air India has been struggling to cut its costs and explore ways to enhance revenues for bringing down the debt burden.
Govt eyes Rs 9,000 cr from sale of land, realty estate properties of debt-laden Air India
•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.
Govt to proceed with sale of Air India ground handling subsidiary AIATSL with 100% divestment
•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
Fp Staff •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