Air India-privatisation

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Air India-privatisation - Total results - 95
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.

Air India crisis: Employees of ailing national carrier's ground-handling subsidiary likely to get December salaries by next week
Business

Air India crisis: Employees of ailing national carrier's ground-handling subsidiary likely to get December salaries by next week

Air India Chairman and Managing Director Ashwani Lohani had on 4 January said that "rumours" of the disinvestment-bound airline's shutdown are "all baseless".

Air India privatisation: Govt approves EoI, share purchase agreement for national carrier's sale
Business

Air India privatisation: Govt approves EoI, share purchase agreement for national carrier's sale

A Group of Ministers (GoM) headed by Union Home Minister Amit Shah on Tuesday approved the Expression of Interest (EoI) as well as the share purchase agreement for Air India's privatisation, a senior government official said

'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 will run till privatisation, says Civil Aviation Minister Hardeep Singh Puri; requests Unions to cooperate
Business

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.

Centre has no option but to privatise Air India, says Hardeep Singh Puri; Union minister calls for co-operation of employees
India

Centre has no option but to privatise Air India, says Hardeep Singh Puri; Union minister calls for co-operation of employees

Puri also said that the government was trying to address the concerns of the employees regarding issues such as job protection post privatisation, a union representative said.

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 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.

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.

Govt determined to privatise debt-laden Air India; aviation minister says will find 'best possible deal' for airline
Business

Govt determined to privatise debt-laden Air India; aviation minister says will find 'best possible deal' for airline

The Narendra Modi government in its first term had also tried to exit from Air India but failed to get a buyer

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

Air India sale: Finance Ministry to prepare fresh proposal for cash-strapped national carrier
Business

Air India sale: Finance Ministry to prepare fresh proposal for cash-strapped national carrier

The Finance Ministry is preparing a fresh proposal for sale of Air India, incorporating issues like crude oil prices and exchange rate volatility, flagged by EY last year on possible reasons of the government failing to attract bidders for the national carrier

Govt likely to target about $11 billion from state asset sales in 2019-20 fiscal year; Arun Jaitley may make announcement in Budget
Business

Govt likely to target about $11 billion from state asset sales in 2019-20 fiscal year; Arun Jaitley may make announcement in Budget

The target, which is the same as for the current financial year, includes proceeds from the expected privatisation of loss-making national carrier Air India

AAI employees to intensify protest against privatisation of six airports; bidders to be finalised on 28 Feb
Business

AAI employees to intensify protest against privatisation of six airports; bidders to be finalised on 28 Feb

Earlier last week, hundreds of AAI employees from across airports in the country observed a three-day relay hunger strike to protest the airport privatisation move.

IL&FS crisis: Uday Kotak-led board deserves praise for quick action without going in for expensive bailout
Business

IL&FS crisis: Uday Kotak-led board deserves praise for quick action without going in for expensive bailout

Uday Kotak has said that IL&FS has to be rehabilitated through the sale of verticals or assets or through a combination of both.