Air India-debt

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Air India-debt - Total results - 23
Air India sale: Govt's proposed deal to sell national airline sweeter than expected; buyer can recover investment, say analysts
Business

Air India sale: Govt's proposed deal to sell national airline sweeter than expected; buyer can recover investment, say analysts

Given the number of aircraft owned by Air India and its low-cost subsidiary Air India Express, a buyer can recover a major portion of the investment by adopting sale and lease back of airplanes

Weeks after calling Air India's financial situation untenable, CMD Ashwani Lohani calls rumours of shutdown 'baseless'
India

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.

Air India stake sale: Govt likely to float bids next month; some entities express interest in national carrier
Business

Air India stake sale: Govt likely to float bids next month; some entities express interest in national carrier

Air India is sitting on a debt pile of around Rs 58,000 crore, besides huge accumulated losses running into thousands of crores.

Air India sale: Aviation think tank Capa expects participation from global airlines for national carrier
Business

Air India sale: Aviation think tank Capa expects participation from global airlines for national carrier

Air India represents an attractive opportunity for investors if it is relieved of its working capital debt, which stands around Rs 30,000 crore

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

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
Business

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
Business

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
Business

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
Business

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
India

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
Business

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
Business

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
Business

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
Business

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.

Air India privatisation: 18,000 employees cannot hold nation to ransom; sale to set tone for other PSU divestment plans
Business

Air India privatisation: 18,000 employees cannot hold nation to ransom; sale to set tone for other PSU divestment plans

If the 18,049 Air India employees are allowed to hold the country to ransom, then so will the employees of other loss-making government-owned firms.

Govt bites the bullet on Air India, but high debt, other bid conditions could make disinvestment a bumpy ride
Business

Govt bites the bullet on Air India, but high debt, other bid conditions could make disinvestment a bumpy ride

Keeping over Rs 33,000 crore debt on the books of the two airlines on offer could be the biggest hurdle to this stake sale.

Air India set to give salary hikes, promotions to pilots even as the Maharajah looks at ways to clear Rs 53,000-cr debt
Business

Air India set to give salary hikes, promotions to pilots even as the Maharajah looks at ways to clear Rs 53,000-cr debt

Some employees at Air India complain that the hikes and promotions will increase inefficiencies in the entire workforce.

Air India privatisation can bring the national carrier back to its past glory: Manoj Sinha
Business

Air India privatisation can bring the national carrier back to its past glory: Manoj Sinha

To revive the loss-making national carrier, government is working on modalities for Air India's strategic disinvestment

Pradeep Singh Kharola appointed new CMD of Air India amid divestment talks of ailing carrier
Business

Pradeep Singh Kharola appointed new CMD of Air India amid divestment talks of ailing carrier

Pradeep Singh Kharola would replace Rajiv Bansal who has been serving as interim CMD of Air India for a little over three months