Air India-privatisation

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Air India-privatisation - Total results - 95
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 sale: Govt extends deadline to bid for cash-strapped national carrier by two months till 30 June
Business

Air India sale: Govt extends deadline to bid for cash-strapped national carrier by two months till 30 June

The government has extended the deadline to bid for Air India by two months till 30 June, as the COVID-19 fallout has disrupted economic activity globally

Coronavirus Outbreak: Govt may further extend 30 April deadline to bid for Air India stake sale
Business

Coronavirus Outbreak: Govt may further extend 30 April deadline to bid for Air India stake sale

The government is likely to extend the 30 April deadline to bid for Air India as the COVID-19 fallout has disrupted economic activities globally, an official has said

Air India sale: DPIIT notifies decision to permit NRIs to own up to 100% stake in cash-strapped national carrier
Business

Air India sale: DPIIT notifies decision to permit NRIs to own up to 100% stake in cash-strapped national carrier

The Department for Promotion of Industry and Internal Trade (DPIIT) has notified a decision of the union cabinet to allow non-resident Indians (NRIs) to control up to 100 percent stake in disinvestment-bound Air India

Govt needs to infuse Rs 3,000 cr in Air India to ensure continuity of operations as sale process to get delayed: CAPA
Business

Govt needs to infuse Rs 3,000 cr in Air India to ensure continuity of operations as sale process to get delayed: CAPA

The government's plan to privatise flag carrier Air India will be further delayed and it will have to infuse up to Rs 3,000 crore to ensure continuity of operations till the sale process gets over, the Centre for Pacific Aviation (CAPA) said on Wednesday

Air India sale: Govt extends deadline to bid for cash-strapped national carrier till 30 April
Business

Air India sale: Govt extends deadline to bid for cash-strapped national carrier till 30 April

The government on Friday extended the deadline for submitting bids for buying 100 percent stake in Air India till 30 April

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"

Air India privatisation: Govt permits NRIs to own up to 100% stake in ailing national carrier; measure not in violation of SOEC norms
Business

Air India privatisation: Govt permits NRIs to own up to 100% stake in ailing national carrier; measure not in violation of SOEC norms

Allowing 100 percent investment by NRIs in the crisis-hit Air India would also not be in violation of Substantial Ownership and Effective Control (SOEC) norms.

Air India stake sale: Govt may extend deadline for submitting bids for debt-laden national carrier
Business

Air India stake sale: Govt may extend deadline for submitting bids for debt-laden national carrier

The government is likely to extend the 17 March deadline for submitting bids to buy 100 percent stake in Air India and the Home Minister led inter-ministerial panel will later this week decide on the new date

Air India stake sale: Adani Group mulls bidding for ailing national carrier; scrutinises bid documents
Business

Air India stake sale: Adani Group mulls bidding for ailing national carrier; scrutinises bid documents

Billionaire Gautam Adani's energy and infrastructure conglomerate is considering bidding to buy Air India and is pouring into bid documents before finalising a plan, sources said

Air India privatisation: Govt extends time till 6 March for bidders to pose queries on stake sale in national carrier
Business

Air India privatisation: Govt extends time till 6 March for bidders to pose queries on stake sale in national carrier

The government has extended the time till 6 March for bidders to pose additional queries regarding sale of its 100 percent stake in Air India

Air India Express expects over Rs 5,000 cr operating revenue in current fiscal, says CEO K Shyam Sundar
Business

Air India Express expects over Rs 5,000 cr operating revenue in current fiscal, says CEO K Shyam Sundar

Air India Express, which is up for sale along with parent Air India, on Thursday said it expects to cross Rs 5,000 crore in operating revenue this fiscal aided by higher aircraft utilisation, better yields and lower fuel expenses

Air India sale: Ownership change can't undo legacy of national carrier, says chairman and MD Ashwani Lohani
Business

Air India sale: Ownership change can't undo legacy of national carrier, says chairman and MD Ashwani Lohani

Air India chief Ashwani Lohani on Wednesday said the national carrier's legacy will remain intact even if the ownership changes hands

Air India sale: Govt working on proposal to allow 100% foreign direct investment in national carrier
Business

Air India sale: Govt working on proposal to allow 100% foreign direct investment in national carrier

The government is working on a proposal to allow 100 percent foreign direct investment in Air India as it moves ahead with disinvestment of the national carrier, according to sources

Buyers of Air India, BPCL not to get free hand to shed excess staff: DIPAM secretary Tuhin Kanta Pandey
Business

Buyers of Air India, BPCL not to get free hand to shed excess staff: DIPAM secretary Tuhin Kanta Pandey

Buyers of loss-making airline Air India and oil firm Bharat Petroleum Corporation Ltd (BPCL) will not get a free hand to shed excess workforce as the government will build in certain protection to employees in the share sale agreement, DIPAM Secretary Tuhin Kanta Pandey said

Air India sale: RSS-affiliate Bharatiya Mazdoor Sangh opposes privatisation of national carrier, asks govt to revisit decision
Business

Air India sale: RSS-affiliate Bharatiya Mazdoor Sangh opposes privatisation of national carrier, asks govt to revisit decision

RSS-affiliate Bharatiya Mazdoor Sangh (BMS) on Tuesday opposed Air India sale, and urged the government to think over this decision

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.

What an Air India buyer will get: Debt, old aircraft, little-used Star Alliance creds and lots of extra employees
Business

What an Air India buyer will get: Debt, old aircraft, little-used Star Alliance creds and lots of extra employees

Only recently has Air India moved to the sale and leaseback model with their Boeing 787 purchases, and Air India’s newest A320neo aircraft, all 27 of them are on a lease.