Air India Debt

As PMO wants quick disinvestment of its subsidiaries, Air India asked to prepare FY19 financials

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

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.

Air India plans to mop up Rs 800 crore by selling over 70 residential and commercial properties spread across country

This fresh bid is a part of Air India's real estate assets monetisation plan approved by the then UPA government in 2012

Air India sale: Air Corporation Employees Union seeks rethink on airline's Nariman Point building sale

The building, which was the Air India's headquarters till February 2013 before it was vacated as part of the airline's asset-monetisation plans, is considered a primary property.

Debt-ridden Air India expects to pay lenders, jet leasing firms in two weeks; eyes fresh capital from government

Three banks and two aircraft leasing companies have reportedly served default notices on Air India over the past few weeks.

P Chidambaram says Centre totally confused on Air India assets sale, should sort out its mind

Senior Congress leader P Chidambaram on Monday alleged that the government was "totally confused" on the Air India assets sale and asked it to "sort out its mind" before attempting to tackle the problem.

Air India stake sale: Why the failed first attempt at the carrier's disinvestment could cost the Narendra Modi govt dear

The AISAM must be allowed to relax the Air India bid conditions substantially. Else, the carrier will continue to feed on taxpayer funds.

After Air India sale plan fails, national carrier seeks Rs 1,000 cr short-term loans to meet working capital needs

Air India is inviting Rs 1,000 crore loan to be drawn in June in one or more tranches, according to the bid document

Air India sale: No bids received so far, but govt 'hopeful' of receiving 'good response' as deadline ends today

The government had on 28 March unveiled plans to sell up to a 76 percent stake in Air Indiar, and transfer the management control to private players.

Air India sale: Jet Airways' boss Naresh Goyal says could bid for troubled national carrier

Jet Airways' Naresh Goyal, who recently ruled out a stake in the embattled Air India stake sale, said that his firm has not said it will not look at Air India.