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Debt-laden Air India freezes promotions, new appointments amid stake sale preparations
•Air India has stopped giving promotions for its employees and recruiting new personnel as the government prepares for the disinvestment of the debt-laden airline, an official said on Sunday
Air India sale: Divestment of national carrier fails to take off; exposes hurdles for Narendra Modi's disinvestment drive
•Selling the state carrier is key to Modi’s plans to divest assets and help keep the fiscal deficit at 3.3 percent of GDP, a goal already under pressure from giveaways to farmers and other welfare benefits ahead of a national election in 2019.
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 disinvestment: Govt may not sell ailing national carrier if it does not get 'adequate' price, says aviation secretary
•While the deadline for submission of Expression of Interest (EoI) in Air India ends on 31 May, the secretary said the Request for Proposal could be issued after 15 June.
Air India disinvestment: Subramanian Swamy calls for Jayant Sinha to be 'dropped', supports Mohan Bhagwat's remarks
Fp Staff •Subramanian Swamy tweeted that he welcomed Bhagwat's 'timely warning' on the Air India 'family silver sale'.
Air India privatisation: Employees protest against sale plan; trade unions caution about job losses
•This was the first action by the Air India forum against government's privatisation move following the Civil Aviation Ministry seeking expression of interest (EoI) from potential bidders for a 76 percent stake sale in the loss-making carrier as well as divestment of two of its subsidiaries.
Air India may offer VRS to 15,000 staff ahead of sale next year, puts fleet expansion on hold
•The state-owned airline has also put fleet expansion on hold, scrapping a proposal to lease eight Boeing 787 wide-body aircraft