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.
Air India will run till privatisation, says Civil Aviation Minister Hardeep Singh Puri; requests Unions to cooperate
Air India will run till its privatisation, said Puri, and requested all the Unions to cooperate towards the process.
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 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
Subramanian Swamy tweeted that he welcomed Bhagwat's 'timely warning' on the Air India 'family silver sale'.
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.
The state-owned airline has also put fleet expansion on hold, scrapping a proposal to lease eight Boeing 787 wide-body aircraft