Latest News on Aiatsl
Showing of 0 - 10 from 11 results
Aiatsl - Total results - 11
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.
Sep 07, 2018
Govt working on strategic sale of Air India subsidiary AIATSL to raise funds and help cut debt of national carrierStrategic 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
Feb 25, 2018
'Employee retention will diminish Air India's value': Turkish firm Celebi on govt's disinvestment planThe 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
Aug 30, 2017
Air India stake sale: One more bidder likely, the Bird group, but keen only on ground handling bizPotential 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.