Air India-disinvestment

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Air India-disinvestment - Total results - 76
Coronavirus Outbreak: Air India unions challenge airline's decision to slash allowances by 10% in Mumbai High Court
Business

Coronavirus Outbreak: Air India unions challenge airline's decision to slash allowances by 10% in Mumbai High Court

Air India employee unions have moved the Bombay High Court against the airline's decision to slash allowances, which form a major part of the salary, by ten percent because of the impact of the coronavirus pandemic

Coronavirus Lockdown: Air India pilot unions urge govt to provide financial support to clear wage backlog
Business

Coronavirus Lockdown: Air India pilot unions urge govt to provide financial support to clear wage backlog

Air India's pilot unions IPG and ICPA has urged Civil Aviation Minister Hardeep Singh Puri to "urgently" provide financial support to the national carrier amid private airlines' cry for a bailout package in the wake of the COVID-19 outbreak

Air India divestment process looks very uncertain due to COVID-19 crisis, says CRISIL
Business

Air India divestment process looks very uncertain due to COVID-19 crisis, says CRISIL

The disinvestment process for national carrier Air India looks "very uncertain" in the wake of the coronavirus pandemic that has impacted the aviation sector the most globally, according to rating agency CRISIL

Air India disinvestment process going on 'extremely well'; govt may extend initial bids deadline: Aviation minister Hardeep Singh Puri
Business

Air India disinvestment process going on 'extremely well'; govt may extend initial bids deadline: Aviation minister Hardeep Singh Puri

Civil Aviation Minister Hardeep Singh Puri on Friday indicated that the deadline for submission of preliminary bids for Air India could be extended even as he emphasised that the disinvestment process is going on "extremely well"

'We are evaluating Air India', says Vistara chairman Bhaskar Bhat on national carrier's disinvestment
Business

'We are evaluating Air India', says Vistara chairman Bhaskar Bhat on national carrier's disinvestment

Vistara, a joint venture between India’s Tata Group and Singapore Airlines, is considering a bid for the government’s stake in state-run carrier Air India, Vistara’s chairman said on Monday, according to local media reports

Tata Group likely to bid for Air India in partnership with Singapore Airlines; eyes merger of Air India Express, Air Asia India
Business

Tata Group likely to bid for Air India in partnership with Singapore Airlines; eyes merger of Air India Express, Air Asia India

While Air India's net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore.

Air India along with Air India Express 'great asset'; employees dues will be paid before disinvestment: Hardeep Singh Puri
Business

Air India along with Air India Express 'great asset'; employees dues will be paid before disinvestment: Hardeep Singh Puri

The government on Monday announced the sale of 100% stake in the debt-laden Air India as it issued the PIM for the strategic disinvestment and has set 17 March, as the deadline for submitting EoI.

If I were not a minister today, I would be bidding for Air India; assets make airline a goldmine: Piyush Goyal
Business

If I were not a minister today, I would be bidding for Air India; assets make airline a goldmine: Piyush Goyal

Air India has been in the red for long and the government is now in the process of finalising the contours for its disinvestment.

Air India to set up panel to address privatisation-related issues of employees; airline staff dues to be paid fully: Report
Business

Air India to set up panel to address privatisation-related issues of employees; airline staff dues to be paid fully: Report

At a meeting between the minister and representatives of over a dozen Air India unions in New Delhi on Monday, the minister also "assured" the employees of full payment of their arrears, according to the source.

'Rumours of Air India's shutdown baseless, national carrier will continue to fly, says CMD Ashwani Lohani
Business

'Rumours of Air India's shutdown baseless, national carrier will continue to fly, says CMD Ashwani Lohani

While Air India's net loss in 2018-19 was around Rs 8,556 crore, its current total debt is around Rs 80,000 crore.

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 privatisation: IndiGo, Etihad show interest in ailing national carrier; govt likely to come up with EoI next month
Business

Air India privatisation: IndiGo, Etihad show interest in ailing national carrier; govt likely to come up with EoI next month

Representatives from these companies (IndiGo and Etihad) have met government officials and, unofficially, shown interest in the national carrier.

Air India crisis: Without a buyer, struggling national carrier might be forced to shut down in six months, says official
Business

Air India crisis: Without a buyer, struggling national carrier might be forced to shut down in six months, says official

As per the government, it has infused funds to the tune of Rs 30,520.21 crore in Air India from financial year 2011-12 till December this year.

Air India crisis: Cash-strapped national carrier knocks on govt door again, seeks approval to borrow Rs 2,400 cr from NSSF
Business

Air India crisis: Cash-strapped national carrier knocks on govt door again, seeks approval to borrow Rs 2,400 cr from NSSF

Early this month, Air India reported its highest-ever annual loss in 2018-19 fiscal due to reasons including low fleet utilisation and high fuel prices.

Air India posts highest-ever net loss of Rs 8,556 cr in 2018-19; receives Rs 30,520-cr equity infusion from FY'12
Business

Air India posts highest-ever net loss of Rs 8,556 cr in 2018-19; receives Rs 30,520-cr equity infusion from FY'12

Puri said that the crisis-hit Air India has received an equity infusion of Rs 30,520.21 crore from financial year 2011-12 till date.

Air India would be closed if not privatised, says Civil Aviation Minister; govt to secure favourable deal for all employees
Business

Air India would be closed if not privatised, says Civil Aviation Minister; govt to secure favourable deal for all employees

On 17 November, Finance Minister Nirmala Sitharaman had said that the government is looking to wrap up the sale of state-run Air India by March 2020.

Air India privatisation: Over 11,000 staff of national carrier to get one-year job guarantee; govt says employees' interest to be protected
Business

Air India privatisation: Over 11,000 staff of national carrier to get one-year job guarantee; govt says employees' interest to be protected

Minister of Civil Aviation Hardeep Singh Puri also said that the government would secure a fair deal for all of Air India employees.

Centre to go ahead with Air India disinvestment; Ministry of Civil Aviation says support from govt has led to improved performance
Business

Centre to go ahead with Air India disinvestment; Ministry of Civil Aviation says support from govt has led to improved performance

The government failed last year in its attempt to sell a 76 percent stake in loss-making Air India due to a lack of interest from bidders but said it would return with an alternative proposal soon